| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19265 |
| 来源ID | Working Paper 19265 |
| Unemployment and Business Cycles | |
| Lawrence J. Christiano; Martin S. Eichenbaum; Mathias Trabandt | |
| 发表日期 | 2013-08-01 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We develop and estimate a general equilibrium search and matching model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. In sharp contrast to leading New Keynesian models, we do not impose wage inertia. Instead we derive wage inertia from our specification of how firms and workers negotiate wages. Our model outperforms a variant of the standard New Keynesian Calvo sticky wage model. According to our estimated model, there is a critical interaction between the degree of price stickiness, monetary policy and the duration of an increase in unemployment benefits. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles |
| URL | https://www.nber.org/papers/w19265 |
| 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/576941 |
| 推荐引用方式 GB/T 7714 | Lawrence J. Christiano,Martin S. Eichenbaum,Mathias Trabandt. Unemployment and Business Cycles. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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