Cyclical factor utilization
Cyclical factor utilization
复制标题
循环因子利用
DOI：
10.1016/0304-3932(94)90005-1
复制
发表时间：
1994
影响因子：
4.1
通讯作者：
Jang
中科院分区：
文献类型：
--
作者：
M. Bils;Jang
我们在一个商业周期模型中引入了顺周期的劳动力和资本利用，以及快速增加就业的成本。要素利用的合理变化使我们能够解释观察到的实际国民生产总值的变化，而整个经济范围的干扰要小得多。调整的成本创造了非常有趣和现实的领先和滞后关系：就业在产出后整整一个季度才见顶；工作周数、工作量、资本利用率和生产率都大幅领先于商业周期。
We introduce procyclical labor and capital utilization, as well as costs of rapidly increasing employment, into a business-cycle model. Plausible variations in factor utilization enable us to explain observed variability of real GNP with considerably smaller economy-wide disturbances. The costs of adjustment create very interesting and realistic lead and lag relationships: employment does not peak until a full quarter after output; workweeks, effort, capital utilization and productivity all sharply lead the business cycle.