G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1601
DP1601 Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance
Willem Buiter; Ricardo Lago; Helene Rey
发表日期1997-04-30
出版年1997
语种英语
摘要A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose either to quit and search for a better job, or continue working. Search generates job offers that agents can accept or reject. Two distinguishing features of current work, relative to the existing business cycle literature on labour market fluctuations, are: (i) the decision to accept or reject jobs is modelled explicitly; and (ii) there is imperfect insurance against unemployment.
主题International Macroeconomics
关键词Business cycles Unemployment
URLhttps://cepr.org/publications/dp1601
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/530756
推荐引用方式
GB/T 7714
Willem Buiter,Ricardo Lago,Helene Rey. DP1601 Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance. 1997.
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