| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17084 |
| 来源ID | Working Paper 17084 |
| Unemployment in an Estimated New Keynesian Model | |
| Jordi Galí; Frank Smets; Rafael Wouters | |
| 发表日期 | 2011-05-26 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We reformulate the Smets-Wouters (2007) framework by embedding the theory of unemployment proposed in Galí (2011a,b). We estimate the resulting model using postwar U.S. data, while treating the unemployment rate as an additional observable variable. Our approach overcomes the lack of identification of wage markup and labor supply shocks highlighted by Chari, Kehoe and McGrattan (2008) in their criticism of New Keynesian models, and allows us to estimate a "correct" measure of the output gap. In addition, the estimated model can be used to analyze the sources of unemployment fluctuations. |
| 主题 | Microeconomics ; General Equilibrium ; Macroeconomics ; Consumption and Investment ; Business Cycles |
| URL | https://www.nber.org/papers/w17084 |
| 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/574759 |
| 推荐引用方式 GB/T 7714 | Jordi Galí,Frank Smets,Rafael Wouters. Unemployment in an Estimated New Keynesian Model. 2011. |
| 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 | ||
| w17084.pdf（518KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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