| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2579 |
| DP2579 Self-Confidence & Social Interactions | |
| Jean Tirole; Roland Benabou | |
| 发表日期 | 2000-10-24 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper evaluates complementarities of labour market institutions and the business cycle in the context of a stochastic dynamic general equilibrium model economy. Matching between workers and vacancies with endogenous time spent in search, Nash-bargained wages, payroll taxation, and differential support for unemployed labour in search and leisure are central aspects of the model. For plausible regions of the policy and institutional parameter space, the model exhibits more persistence than standard RBC models and can exhibit indeterminacy of rational expectation paths without increasing returns in production. Furthermore, labour market institutions act in a complementary fashion in generating these |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Business cycles European labour markets Indeterminacy |
| URL | https://cepr.org/publications/dp2579 |
| 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/531648 |
| 推荐引用方式 GB/T 7714 | Jean Tirole,Roland Benabou. DP2579 Self-Confidence & Social Interactions. 2000. |
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