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Labor Market Effects of Workweek Restrictions: Evidence from the Great Depression
American Economic Journal: MacroeconomicsWe study the effects of restrictions on the length of the workweek under the President’s Reemployment Agreement (PRA) of July 1933 and the National Industrial Recovery Act. We construct a model in which the equilibrium without such a workweek restriction
P. Fishback +2 more
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Beyond the Natural Rate: Stephen Marglin on the Instability of Market Economies
Journal of Economic LiteratureIn Raising Keynes: A Twenty-First Century General Theory, Stephen A. Marglin offers a provocative reformulation of Keynes’ theoretical framework, stressing the importance of modeling the dynamics of wage and price adjustment.
Michael Woodford
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Household Balance Sheets, Consumption, and the Economic Slump*
, 2013Atif R. Mian, K. Rao, Amir Sufi
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International Business Cycles: World, Region, and Country-Specific Factors
, 2003M. A. Kose +2 more
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