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.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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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.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2000
Economic Programs, Administration of Economic Programs, Research, Economic aspects, Finance, Economic policy, Inflation (Finance), Monetary policy, Welfare, Public assistance, Monopolistic competition
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2000
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