Equilibrium Unemployment, Job Flows and Inflation Dynamics
Equilibrium Unemployment, Job Flows and Inflation Dynamics
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均衡失业率、工作流和通货膨胀动态
DOI：
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发表时间：
2004
期刊：
影响因子：
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通讯作者：
A. Trigari
中科院分区：
文献类型：
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作者：
A. Trigari
为了解释产出、通货膨胀和劳动力市场的联合波动，本文开发并估计了一个一般均衡模型，该模型将均衡失业理论整合到具有名义价格刚性的货币模型中。估计模型考虑了就业、每个工人的工作时间、就业创造和就业破坏对货币政策冲击的反应。此外，劳动力市场的搜索摩擦导致边际成本相对于产出的弹性较低。这有助于解释数据中观察到的通胀低迷和产出持续存在。版权所有 (c) 2009 俄亥俄州立大学。
In order to explain the joint fluctuations of output, inflation and the labor market, this paper develops and estimates a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. The estimated model accounts for the responses of employment, hours per worker, job creation, and job destruction to a monetary policy shock. Moreover, search frictions in the labor market generate a lower elasticity of marginal costs with respect to output. This helps to explain the sluggishness of inflation and the persistence of output that are observed in the data. Copyright (c) 2009 The Ohio State University.