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罢工与价格粘性(The strike and price stickiness)
罢工与价格粘性(The strike and price stickiness)
Price stickiness is one of the important views of the new Keynes doctrine, is put forward in order to explain the non balanced economic market in the. The new Keyness proposed price stickiness is the Keynes doctrine of repair, at the same time in order to counter new classical macroeconomics to Freedman as the representative of the monetary market equilibrium automatically.
Monetarists argue that because of the natural rate of the existence of market economy with automatic adjustment function tends to the natural rate, the price is completely shrinkage, so the governments fiscal policy is invalid, and the governments fiscal investment is limited to non creative investment, such as national defense, seriously reduced the investment multiplier effect, and private investment is crowding out also can hardly be avoided. From the perspective of rational expectations, the market economy in the individual is rational, can be expected to the consequences of government intervention, will take evasive attitude, the policy of government intervention into the invisible.
New classical macroeconomics assumes that the price is completely flexible, the price change is consistent with the market elasticity, so the final AS line is perpendicular to the horizontal axis, means that no matter how P changes in price, income y always only, which is based on the price elasticity for the last balance based on the. However, the new Keynes doctrine Tat proposed the concept of price stickiness. The labor market, human capital investment and other capital investment enterprises formed a contract, and contract formation not only has the legal effect but also has the time, such as the United States, most of the contracts for a period of three years, while the popular Western European market contract is one year. So, the price of labor in a limited period of things fixed, such as the United States, the contract period of three years, the wages of labor may b
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