| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15801 |
| 来源ID | Working Paper 15801 |
| Involuntary Unemployment and the Business Cycle | |
| Lawrence J. Christiano; Mathias Trabandt; Karl Walentin | |
| 发表日期 | 2010-03-04 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Can a model with limited labor market insurance explain standard macro and labor market data jointly? We construct a monetary model in which: i) the unemployed are worse o§ than the employed, i.e. unemployment is involuntary and ii) the labor force participation rate varies with the business cycle. To illustrate key features of our model, we start with the simplest possible framework. We then integrate the model into a medium-sized DSGE model and show that the resulting model does as well as existing models at accounting for the response of standard macroeconomic variables to monetary policy shocks and two technology shocks. In addition, the model does well at accounting for the response of the labor force and unemployment rate to these three shocks. |
| 主题 | Macroeconomics ; Business Cycles ; Monetary Policy ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w15801 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573476 |
| 推荐引用方式 GB/T 7714 | Lawrence J. Christiano,Mathias Trabandt,Karl Walentin. Involuntary Unemployment and the Business Cycle. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15801.pdf（784KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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