Modelling Aggregate Demand for Labour: A Reply to Dowrick and Wells

Dowrick and Wells (2004) have attempted to point to what they see as a number of fundamental misinterpretations in a recent paper by Lewis and MacDonald (202) estimating demand for labour in Australia. However, it is argued that it is a particular assumption about a nominal price setting that leads...

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Bibliographic Details
Main Author: MacDonald, Garry
Format: Journal Article
Published: Blackwell Publishing Asia 2004
Online Access:http://hdl.handle.net/20.500.11937/3509