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来源类型Working Paper
规范类型报告
DOI10.3386/w16374
来源IDWorking Paper 16374
Unemployment and Productivity in the Long Run: The Role of Macroeconomic Volatility
Pierpaolo Benigno; Luca Antonio Ricci; Paolo Surico
发表日期2010-09-16
出版年2010
语种英语
摘要The paper presents a new empirical regularity between the volatility of productivity growth and long-run unemployment, for a given level of long-run productivity growth. A theoretical framework based on asymmetric real wage rigidities is shown to have the potential to rationalize this finding. The model tends to fit U.S. long-run unemployment better than a specification based on long-run productivity growth only, especially during the Great Moderation and the Great Recession.
主题Macroeconomics ; Consumption and Investment ; Money and Interest Rates
URLhttps://www.nber.org/papers/w16374
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/574049
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GB/T 7714
Pierpaolo Benigno,Luca Antonio Ricci,Paolo Surico. Unemployment and Productivity in the Long Run: The Role of Macroeconomic Volatility. 2010.
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