| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3064 |
| DP3064 Managed Floating: Understanding the New International Monetary Order | |
| Peter Bofinger; Timo Wollmershaeuser | |
| 发表日期 | 2001-11-11 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | In this Paper, an explicit micro scenario is developed which yields a well-defined aggregate job-matching function. In particular, a stochastic model of job-matching behaviour is constructed in which the system steady state is shown to be approximated by an exponential-type matching function, as the population becomes large. This steady-state approximation is first derived for fixed levels of both wages and search intensities, where it is shown (without using a free-entry condition) that there exists a unique equilibrium. It is then shown that if job searchers are allowed to choose their search intensities optimally, then this model is again consistent with a unique steady state. Finally, the assumption of a fixed wage is relaxed, and an optimal ?offer wage? is derived for employers. |
| 主题 | Labour Economics |
| 关键词 | Matching function Large population approximation Optimal search intensity |
| URL | https://cepr.org/publications/dp3064 |
| 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/532096 |
| 推荐引用方式 GB/T 7714 | Peter Bofinger,Timo Wollmershaeuser. DP3064 Managed Floating: Understanding the New International Monetary Order. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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