Policy Possibilities of the New Macroeconomics

从1999年4月到2001年12月，我们已经举办了23次宏观经济学研讨会，邀请了许多活跃在该领域的研究人员。参与这一项目的研究人员通过工作坊从这些研究人员那里受益。他们一致认为，财政政策不应经常用于稳定政策，例如降低失业率，而应用于内部化市场失灵。我们得出的结论是：货币政策应该用来稳定经济。对于劳动力市场，根据工人纪律模型，退休金额越大，失业成本就越高。研究还表明，工人可以领取失业救济金的时间长短对失业政策非常重要。我们得出结论，预期的协调非常重要。协调的失败可能会导致低水平的就业和产出。然而，到目前为止，我们还没有在这方面提出好的政策建议。这是一个很有前途的研究课题。

We have had Macroeconomics Workshop 23 times from April 1999 to December 2001 and invited many researchers who are active in this field. Investigators who have taken a part of this project have been benefited from these researchers through the workshop.It is agreed that fiscal policies should not be used for the stabilizing policies frequently, for example, for reducing the unemployment level but should be used for internalizing market failures. We have reached the following conclusion: Monetary policies should be used to stabilize the economy.As for the labor market, it is shown that the larger retirement money the higher the cost of unemployment according to the worker discipline model. It is also shown that how long workers can get unemployment benefits is very important for unemployment policies.We have come to conclude that coordination of expectation is very important. Failures of coordination may lead to low levels of employment and output. However, we have not had good policy recommendations in this respect until now. This is a promising subject for future researches.