| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8978 |
| DP8978 Slow Recoveries: A Structural Interpretation | |
| Jordi Gali; Frank Smets; Rafael Wouters | |
| 发表日期 | 2012-05-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and employment. This leads us to characterize the last three episodes as slow recoveries, as opposed to jobless recoveries. We use the estimated New Keynesian model in Galí-Smets-Wouters (2011) to provide a structural interpretation for the slower recoveries since the early nineties. |
| 主题 | International Macroeconomics |
| 关键词 | Estimated dsge models Jobless recoveries Okun's law U.s. business cycle |
| URL | https://cepr.org/publications/dp8978 |
| 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/537797 |
| 推荐引用方式 GB/T 7714 | Jordi Gali,Frank Smets,Rafael Wouters. DP8978 Slow Recoveries: A Structural Interpretation. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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