FOR A NEW GUIDE TO KEYNES ( I ) : WAGES , AGGREGATE DEMAND , AND EMPLOYMENT

FOR A NEW GUIDE TO KEYNES ( I ) : WAGES , AGGREGATE DEMAND , AND EMPLOYMENT
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新凯恩斯指南(一):工资、总需求和就业

DOI:
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发表时间:
2013
期刊:
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影响因子:
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通讯作者:
J. Gaĺı
J. Gaĺı
中科院分区:
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文献类型:
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作者:
J. Gaĺı

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通过新凯恩斯模型的视角,我重温了《通论》关于工资在就业决定中的作用的讨论。分析指出,货币政策规则在塑造工资与就业之间的联系方面发挥了关键作用,并在决定提高工资灵活性对福利的影响方面发挥了关键作用。我认为,后者并不总是在改善福利。(Jel:E24、E32、E58)
I revisit the General Theory’s discussion of the role of wages in employment determination through the lens of the New Keynesian model. The analysis points to the key role played by the monetary policy rule in shaping the link between wages and employment, and in determining the welfare impact of enhanced wage flexibility. I show that the latter is not always welfare improving. (JEL: E24, E32, E58)