- Tytuł:
- Economic fluctuations in a model with an overlapping structure of employment
- Autorzy:
- Matsue, Toyoki
- Powiązania:
- https://bibliotekanauki.pl/articles/1837928.pdf
- Data publikacji:
- 2021-09-30
- Wydawca:
- Uniwersytet Ekonomiczny w Poznaniu
- Tematy:
-
economic uflctuations
employment
employment period
oscillatory re sponse - Opis:
- This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard flexible price model. The explicit employment period constructs an overlapping structure of employment which results in the oscillatory response. This study also examines the effects of change in employment period to economic fluctuations and shows that the variations in new hiring are higher when the employment period is long.
- Źródło:
-
Economics and Business Review; 2021, 7, 3; 5-15
2392-1641 - Pojawia się w:
- Economics and Business Review
- Dostawca treści:
- Biblioteka Nauki
Artykuł