Bargaining Shocks and Aggregate Fluctuations
收藏NBER2017-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23647
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资源简介：
We argue that social and political risk causes significant aggregate fluctuations by changing workers' bargaining power. Using a Bayesian proxy-VAR estimated with U.S. data, we show how distribution shocks trigger output and unemployment movements. To quantify the aggregate importance of these
提供机构：
美国国家经济研究局
创建时间：
2017-08-01
