Procyclical Productivity in New Keynesian Models
收藏NBER2022-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29769
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资源简介：
We propose an easy-to-use search friction in the goods markets in medium-sized New Keynesian models. This friction allows increases in measured productivity in response to increases in expenditures via higher search effort from households. As a result markups can become procyclical and labor share
提供机构：
美国国家经济研究局
创建时间：
2022-02-01
