Macroeconomic analysis with imperfect financial markets

我们分析了各种形式的金融市场不完善对宏观经济的影响。(1)在存在不可保劳动收入风险的情况下，应该如何对劳动和资本所得征税？(2)当由于劳动力和金融市场的不完善而存在非自愿失业时，应该如何实施货币政策来稳定经济？(3)假设企业的营运资金量受到抵押品约束。这对宏观经济波动有何影响？

We have analyzed how various forms of financial market imperfection affect the macro economy. (1) How labor and capital income should be taxed in the presence of uninsurable labor income risks? (2) When there exists involuntary unemployment due to imperfections both in the labor and financial markets, how monetary policy should be conducted to stabilize the economy? (3) Suppose that the amount of working capital of firms are constrained by collateral constraint. What kind of implications does it have for macroeconomic fluctuations?