PittsburghV1, France, Analysis, bibRecord, 000626

Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

Identifieur interne : 000626 ( France/Analysis ); précédent : 000625; suivant : 000627

Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

Auteurs : Nicolas Petrovsky-Nadeau [États-Unis] ; Etienne Wasmer [France]

Source :

RBID : Hal:hal-00972918

Abstract

Building a model with three imperfect markets - goods, labor and credit - representing a product's life-cyle, we find that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The calibrated model leads to a significant reduction in the gap with the data, both in terms of persistence and volatility while search models of the labor market fail in one of the two dimensions. Two factors related to goods market frictions generate these results: i) the expected dynamics of consumers' search for goods, itself depending on the income redistributed by firms and the entry of new products; and ii) the expected dynamics of prices, which alter future profit flows.

Url:

https://hal-sciencespo.archives-ouvertes.fr/hal-00972918

Affiliations:

France, États-Unis

Links toward previous steps (curation, corpus...)

to stream Hal, to step Corpus: 000365
to stream Hal, to step Curation: 000365
to stream Hal, to step Checkpoint: 000412
to stream Main, to step Merge: 00A328
to stream Main, to step Curation: 009B83
to stream Main, to step Exploration: 009B83
to stream France, to step Extraction: 000626

Links to Exploration step

Hal:hal-00972918

Le document en format XML

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{{Explor lien
   |wiki=    Wicri/Amérique
   |area=    PittsburghV1
   |flux=    France
   |étape=   Analysis
   |type=    RBID
   |clé=     Hal:hal-00972918
   |texte=   Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions
}}

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Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

Source :

Abstract

Links toward previous steps (curation, corpus...)

Links to Exploration step

Le document en format XML

Pour manipuler ce document sous Unix (Dilib)

Pour mettre un lien sur cette page dans le réseau Wicri