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
下载链接
链接失效反馈官方服务：
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
