<<The>> high sensitivity of employment to agency costs the relevance of wage rigidity
This paper studies the interaction of financing constraints and labor market imperfections on the labor market and economic activity. My analysis builds on the agency cost framework of Carlstrom and Fuerst [1998. Agency costs and business cycles. Economic Theory, 12(3):583-597]. The aim of this arti...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Berlin
SFB 649, Economic Risk
2010
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| Schriftenreihe: | SFB 649 discussion paper
2010,044 |
| Schlagworte: | |
| Online Zugang: | http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2010-044.pdf |
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