Introducing Financial Frictions and Unemployment into a Small Open Economy Model
Introducing Financial Frictions and Unemployment into a Small Open Economy Model
复制标题
将金融摩擦和失业引入小型开放经济模型
DOI：
10.2139/ssrn.1680651
复制
发表时间：
2010
期刊：
影响因子：
--
通讯作者：
Karl Walentin
中科院分区：
文献类型：
--
作者：
Lawrence J. Christiano;M. Trabandt;Karl Walentin
当前的金融危机已经非常清楚地表明，商业周期建模不再能抽象出金融因素。越来越明显的是，没有明确失业的劳动力市场程式化建模是目前的标准方法，有其局限性。一些问题，占主导地位的现存的商业周期模型是沉默的，但我们想回答的是：有多重要......金融和劳动力市场摩擦的商业周期动态的一个
The current …nancial crisis has made it abundantly clear that business cycle modeling no longer can abstract from …nancial factors. It is also becoming increasingly clear that the stylized modeling of labor markets without explicit unemployment that is the current standard approach has its limitations. Some questions which the dominating extant business cycle models are mute on, but that we would like to answer are: How important are …nancial and labor market frictions for the business cycle dynamics of a