G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1219
DP1219 The Monetary Transmission Mechanism: Evidence from the G-7 Countries
Stefan Gerlach; Frank Smets
发表日期1995-07-31
出版年1995
语种英语
摘要We develop and analyse a real business cycle model in which both goods and labour markets are characterized by imperfect competition. In equilibrium, unemployment emerges as the result of the market power exercised by insiders at the firm level. We show that a calibrated version of the model is capable of generating both a procyclical labour supply and a countercyclical unemployment rate, in a way qualitatively consistent with US data.
主题International Macroeconomics
关键词Endogenous mark-ups Insider-outsider models Real business cycles Unemployment
URLhttps://cepr.org/publications/dp1219
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530354
推荐引用方式
GB/T 7714
Stefan Gerlach,Frank Smets. DP1219 The Monetary Transmission Mechanism: Evidence from the G-7 Countries. 1995.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Stefan Gerlach]的文章
[Frank Smets]的文章
百度学术
百度学术中相似的文章
[Stefan Gerlach]的文章
[Frank Smets]的文章
必应学术
必应学术中相似的文章
[Stefan Gerlach]的文章
[Frank Smets]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。