| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7766 |
| DP7766 Fiscal expansions affect unemployment, but they may increase it | |
| Evi Pappa; Markus Brückner | |
| 发表日期 | 2010-03-28 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Evidence from structural VARs suggests that the unemployment rate significantly increases following increases in government expenditures in many OECD countries. Results hold for a variety of specifications and identification schemes. Fiscal expansions also tend to increase the participation rate, vacancies, real wages and employment while they do not affect significantly labor market tightness. Existing models have difficulties in generating such responses. We introduce insider and outsider workers and a labor force participation choice into a New Keynesian model with matching frictions and show that calibrated versions of the model can generate the empirical regularities. |
| 主题 | International Macroeconomics |
| 关键词 | Insiders-outsiders Matching frictions Participation rate Svar Unemployment |
| URL | https://cepr.org/publications/dp7766 |
| 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/536603 |
| 推荐引用方式 GB/T 7714 | Evi Pappa,Markus Brückner. DP7766 Fiscal expansions affect unemployment, but they may increase it. 2010. |
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