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Author:Gamber, Edward N. 

Working Paper
Magnification effects and acyclical real wages

An analysis of a one-period, two-sector model in which firms must pay a fixed cost of hiring. The authors show that this type of model results in more employment variability and less-procyclical wages than do models without fixed hiring costs.
Working Papers (Old Series) , Paper 9105

Journal Article
Does the Fed cause Christmas?

A discussion of the relationship between money and output, with emphasis on the possibility that changes in output precede changes in money.
Economic Commentary , Issue Jan

Journal Article
Why we don't know whether money causes output

An examination of the commonly accepted positive correlation between money and real output, including a review of several models of business cycles and an explanation of how money can be neutral and yet still appear to affect real output.
Economic Review , Volume 25 , Issue Q III , Pages 27-39

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