| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18149 |
| 来源ID | Working Paper 18149 |
| Testing for Keynesian Labor Demand | |
| Mark Bils; Peter J. Klenow; Benjamin A. Malin | |
| 发表日期 | 2012-06-15 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | According to the textbook Keynesian model, short-run demand for labor is sensitive to the demand for goods. In this view, sellers deviate from setting the marginal product of labor proportional to the real wage, instead enduring or choosing lower price markups when demand for goods is high. We test this prediction across U.S. industries in the two decades up through the Great Recession. To identify movements in goods demand, we exploit how durability varies across 70 categories of consumption and investment. We also take into account the flexibility of prices and capital-intensity of production across goods. We find evidence in support of Keynesian Labor Demand. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Business Cycles ; Fiscal Policy |
| URL | https://www.nber.org/papers/w18149 |
| 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/575825 |
| 推荐引用方式 GB/T 7714 | Mark Bils,Peter J. Klenow,Benjamin A. Malin. Testing for Keynesian Labor Demand. 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 | ||
| w18149.pdf（368KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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