非均衡劳动力市场的真实经济周期模型被引量：20

Real Business Cycles with Labor Market Disequilibrium

导出

摘要真实经济周期(RBC)模型通常以市场出清的一般均衡为其理论框架。这使我们无法有效的将这一跨时期的动态优化模型应用于现实的经济环境，因为现实的世界里普遍存在着各种非均衡的状况。本文将劳动的供给和需求分离开来，从而允许非均衡的劳动力市场存在。利用美国的数据，我们对该模型进行了实证检验，结果表明该模型能够更好的解释劳动力市场的波动及消费和就业间的关系，同时说明该模型在数据的拟和上比标准RBC模型更好。 Real Business Cycles are often studied in the context of the general equilibrium framework. This restricts the effective application of intertemporal models to the real world where disequilibria seem to be a wide spread phenomenon. In this paper, we separate labor supply and labor demand and allow for different variants of labor market disequilibrium. Calibration for U.S. economy shows that such model variants will produce a higher volatility in employment and a more realistic correlation between consumption and employment and thus fit the data significantly better than the standard model.

作者龚刚 Willi Semmler

机构地区北京市清华大学经济管理学院清华大学经济管理学院和德国Bielefeld大学实证宏观经济研究中心

出处《经济学（季刊）》 2003年第3期591-604,共14页 China Economic Quarterly

关键词非均衡性劳动力市场真实经济周期模型随机动态规划 RBC

分类号 F241.2 [经济管理—劳动经济]

引文网络
相关文献

参考文献23

1Benassy, J. P., The Economics of Market Disequilibrium. New York: Academic Press, 1984.
2Benassy, J. P., "Money and Wage Contract in an Optimizing Model of the Business Cycle." Journal of Monetary Economics, 1995, 35, 303--315.
3Blanchard, O. and S. Fischer, Lectures on Macroeconomics. Cambridge: MIT-Press, 1989.
4Burnside, A. C., M. S. Eicheabaum, and S. T. Rebelo, "Labor Hoarding and the Business Cycle." Journal of Political Economy, 1993, 101, 245--273.
5Christiano, L. J., "Why Does Inventory Fluctuate So Much?" Journal of Monetary Economics, 1987, 21,247--280.
6Cooley, T. and E. Prescott, "Economic Growth and Business Cycles." in T. Cooley (ed.) Frontiers of Business Cycle Research, Princeton: Princeton University Press, 1995.
7Danthine, J. P. and J. B. Donaldson, "Efficiency Wages and the Business Cycle Puzzle." European Economic Review, 1990, 34, 1275--1301.
8Danthine, J. P. and J. B. Donaldson, "Non-Walrasian Economies." in T.F. Cooly (ed), Frontiers of Business Cycle Research, Princeton: Princeton University Press, 1995.
9Gong, G., Essays in Economic Fluctuation. Ph. D. Dissertation, New York: New School University, 1998.
10Gong, G. and W. Semmler, "Real Business Cycles with disequilibirum in the Labor Market: A Comparison of the US and German Economies." Working Paper of Center for Empirical Macroeconomics, Bielefeld: Bielefeld University, 2001.