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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w18085 |
来源ID | Working Paper 18085 |
Slow Recoveries: A Structural Interpretation | |
Jordi Galí; Frank Smets; Rafael Wouters | |
发表日期 | 2012-05-17 |
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 | Macroeconomics ; Business Cycles |
URL | https://www.nber.org/papers/w18085 |
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/575761 |
推荐引用方式 GB/T 7714 | Jordi Galí,Frank Smets,Rafael Wouters. Slow Recoveries: A Structural Interpretation. 2012. |
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 | ||
w18085.pdf(626KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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