Themes:
1- Labor supply and labor demand
2- Wage Rigidities and the New Keynesian Model
3- NAIRU models
4- Chain reaction theory and structuralism
5- Old and new Phillips curve
6- Wages curve
References:
- Henry, B.; Karanassou, M. and D. Snower (2000), “Adjustment Dynamics and the Natural Rate: an Account of UK unemployment”, Oxford Economic Papers¸ 52. pp. 178-203.
- Karanassou,M., Sala, H. and D. Snower (2007), “The macroeconomics of the labor market: Three fundamental views”, Portuguese Economic Journal, vol. 6 (3), pp. 151-180.
- Lindbeck, A. and D. Snower (1988), “The Insider-Outsider Theory of Employment and Unemployment”. Cambridge, Massachussets: MIT Press. Chapter 2.
- Layard, P., Nickell, S. and R. Jackman (1991), “ Unemployment: Macroeconomic Performance and the Labor Market”, Oxford University Press. Chapters 1 and 9.
- Karanassou, M., Sala, H. and D. Snower (2009), “Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective”, Journal of Economic Surveys, vol. 24 (1), pp. 1-51.
- Blanchard, O. and L. Katz (1999), “Wage Dynamics: Reconciling Theory and Evidence”, American Economic Review Papers and Proceedings, vol. 89, 2. (NBER Working Paper 6924.)
