1 option
Imperfect Information, Credit Markets and Unemployment / Bruce C. Greenwald, Joseph E. Stiglitz.
- Format:
- Book
- Author/Creator:
- Greenwald, Bruce C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2093.
- NBER working paper series no. w2093
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1986.
- Summary:
- This paper describes how imperfect information in both capital and labor markets can, in a context of maximizing firms and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely resembles that of observed business cycles.
- Notes:
- Print version record
- December 1986.
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