Labor-supply shifts and economic fluctuations

Article Abstract:

A VAR identification scheme is proposed that distinguishes shifts of and movements along the labor demand schedule to identify labor-supply shocks. Labor supply-shifts account for about 30 percent of the variation in hours and about 15 percent of the output fluctuation at business cycle frequencies, as per VAR analysis of post-war US data.

United States, Forecasts, trends, outlooks, Computer integrated systems design, Analysis, Forecasts and trends, Market trend/market analysis, Labor market, VAR, VARs (Value added resellers), Value-added resellers, Labour market

---

Monopolistic competition, increasing returns to scale, and the welfare costs of inflation

Article Abstract:

Research is presented concerning the development of a model for the estimation of the welfare costs of rising inflation. The influence of dynamic indeterminacy and monopolistic competition is discussed.

Economic Programs, Administration of Economic Programs, Research, Economic aspects, Finance, Economic policy, Inflation (Finance), Monetary policy, Welfare, Public assistance, Monopolistic competition

---

Similar abstracts:

• Abstracts: Multiple steady states and endogenous fluctuations with increasing returns to scale in production. Introduction to market psychology and nonlinear endogenous business cycles
• Abstracts: Multiple steady states and endogenous fluctuations with increasing returns to scale in production. part 2 Competitive equilibrium with indivisibilities
• Abstracts: Averaged predictions and the learning of equilibrium play. Endogenous growth and the welfare costs of inflation: a reconsideration
• Abstracts: On the fluctuations in consumption and market returns in the presence of labor and human capital: an equilibrium analysis
• Abstracts: Testing the S,s model. Rules and authorities in international monetary arrangements: the role of the central bank

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.