In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage … rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism … employment rate, are not found to be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal …

In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage … rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism … employment rate, are not found to be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal …

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage … rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage … rigidity that results out of that arrangement ex- plains business cycle fluctuations in Bulgaria. The reciprocity mechanism … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …

Using an efficiency-wage model, we examine the relationship between indeterminacy and unemployment insurance. It is … shown that the less unemployment insurance is, the more likely equilibrium is to be indeterminate. Equilibrium can be …