FINANCIAL SHOCKS, JOB DESTRUCTION SHOCKS, AND LABOR MARKET FLUCTUATIONS
FINANCIAL SHOCKS, JOB DESTRUCTION SHOCKS, AND LABOR MARKET FLUCTUATIONS
复制标题
金融冲击、就业冲击和劳动力市场波动
DOI：
10.1017/s1365100517000190
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发表时间：
2017
影响因子：
0.9
通讯作者：
Francesco Zanetti
中科院分区：
文献类型：
--
作者：
Francesco Zanetti
本文使用将企业的融资流与劳动力市场变量联系起来的一般均衡模型来研究金融冲击的影响。结果表明，金融冲击对债务，股息支付和工资有相当大的影响。对失业率的冲击在解释失业率波动方面很重要。该分析还调查了数据中一些关键同步运动的潜在驱动力，并发现对工作破坏率的冲击很重要。
This paper investigates the effect of financial shocks using a general equilibrium model that links the firm's flows of financing with labor market variables. The results show that financial shocks have sizeable effects on debt, dividend payout, and wages. Shocks to the job destruction rate are important in explaining fluctuations in unemployment. The analysis also investigates the underlying driving forces of some key comovements in the data and finds shocks to the job destructions rate important.