遇见数据集

Replication data for: A Theory of Countercyclical Government Multiplier

收藏
ICPSR2014-01-01 更新2026-04-16 收录
官方服务:

资源简介:

I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent to 8 percent. This multiplier indicates the additional number of workers employed when one worker is hired in the public sector. Graphically, in equilibrium, an upward-sloping quasi-labor supply intersects a downward-sloping labor demand in a (employment, labor market tightness) plane. Increasing public employment stimulates labor demand, which increases tightness and therefore crowds out private employment. Critically, the quasi-labor supply is convex. Hence, when labor demand is depressed and unemployment is high, the increase in tightness and resulting crowding-out are small.

创建时间:
2014-01-01
二维码
社区交流群
二维码
科研交流群
商业服务