Chapter 15 Staggered price and wage setting in macroeconomics

Chapter 15 Staggered price and wage setting in macroeconomics

ID:41332214

大小:2.77 MB

页数:42页

时间:2019-08-22

Chapter 15 Staggered price and wage setting in macroeconomics_第1页
Chapter 15 Staggered price and wage setting in macroeconomics_第2页
Chapter 15 Staggered price and wage setting in macroeconomics_第3页
Chapter 15 Staggered price and wage setting in macroeconomics_第4页
Chapter 15 Staggered price and wage setting in macroeconomics_第5页
资源描述:

《Chapter 15 Staggered price and wage setting in macroeconomics》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库

1、Chapter15STAGGEREDPRICEANDWAGESETTINGINMACROECONOMICS*JOHNB.TAYLORStanfordUniversityContentsAbstract1010Keywords10101.Introduction10112.Anempiricalguidetopriceandwagesettinginmarketeconomies10132.1.Generalobservationsaboutwageandpricesetting10132.1.1.Wageset

2、ting10132.1.2.Pricesetting10142.2.Individualfirmandworkerevidence10152.2.1.Directevidenceonwagesetting10152.2.2.Indirectevidenceonwagesetting10172.2.3.Directevidenceonpricesetting10182.3.Summaryoffindingsaboutpriceandwagesetting10203.Market-clearingandexpect

3、ed-market-clearingapproaches10213.1.Market-clearingmodels10213.1.1.Empiricaltests10223.2.Expected-market-clearingmodels10244.Staggeredcontractsmodels10274.1.Asimplepricesettingmodel10274.2.Moregeneralstaggeredwage-andprice-settingmodels10294.2.1.Fixedduratio

4、nmodels10294.2.2.Randomdurationmodels10304.2.3.State-dependentdurationmodels10315.Bolsteringthetheoreticalfoundationsofstaggeredcontractsmodels10325.1.Derivingtheoptimalprice:theroleofmarketpower10335.2.Towardsdynamicoptimizingmodelsofstaggeredpriceandwagese

5、tting10335.3.Staggeredpriceandwagesettingingeneralequilibriummodels1035*ThisresearchwassupportedbytheCenterforEconomicPolicyResearchatStanfordUniversity.IwishtothankVVChari,ChristopherErceg,RobertHall,EllenMcGrattan,AkilaWeerapana,andMichaelWoodfordforuseful

6、commentsandassistance.HandbookofMacroeconomics,Volume1,EditedbyJ.B.TaylorandM.Woodford©1999ElsevierScienceB.V.Allrightsreserved10091010JB.Taylor5.4.Explanationsofwhypriceandwagesettingisstaggered10375.5.Indexingandoptimalcontractlength10386.Persistencepuzzle

7、sandpossibleresolutions10386.1.Inflationpersistence10396.2.Realoutputpersistence10406.3.Changesinstabilityandnominalrigidityovertime10427.Concludingremarksonpolicyapplicationsandfutureresearch1042References1044AbstractThischapterreviewstheroleoftemporarypric

8、eandwagerigiditiesinexplainingofthedynamicrelationshipbetweenmoney,realoutput,andinflation.Thekeypropertiestobeexplainedarethatmonetaryshockshavepersistent,butnotpermanent,effectsonrealoutput,an

当前文档最多预览五页,下载文档查看全文

此文档下载收益归作者所有

当前文档最多预览五页,下载文档查看全文
温馨提示:
1. 部分包含数学公式或PPT动画的文件,查看预览时可能会显示错乱或异常,文件下载后无此问题,请放心下载。
2. 本文档由用户上传,版权归属用户,天天文库负责整理代发布。如果您对本文档版权有争议请及时联系客服。
3. 下载前请仔细阅读文档内容,确认文档内容符合您的需求后进行下载,若出现内容与标题不符可向本站投诉处理。
4. 下载文档时可能由于网络波动等原因无法下载或下载错误,付费完成后未能成功下载的用户请联系客服处理。