Essays on labor markets and monetary policy:
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Hochschulschrift/Dissertation Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Frankfurt, Main
2013
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| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026220025&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | III, 81 S. graph. Darst. |
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Datensatz im Suchindex
| _version_ | 1819372508989620224 |
|---|---|
| adam_text | IMAGE 1
CONTENTS
LIST OF ORIGINAL WORKING PAPERS VI
ACKNOWLEGEMENTS VII
OVERVIEW VIII
SUMMARY IX
1 LABOR MARKET DYNAMICS WITH SEARCH FRICTIONS AND FAIR WAGE
CONSIDERATIONS 1
1.1 INTRODUCTIOU . 1
1.2 RELATED LITERATURE 4
1.3 THE MODEL 5
1.3.1 HOIISEHOLDS 6
1.3.2 SEARCH AND MATCHING FRICTIONS 7
1.3.3 FIRMS . 8
1.3.4 GQUILIBRIIIM CONDITIONS 10 .
1.4 EXPLORING THE MECHANISMS 11
1.4.1 ELASTICITY ANALYSIS 11
1.4.2 CHANGING LABOR MARKET FRICTIONS 12
1.5 CALIBRATION 15
1.6 RESULTS 17
1.6.1 IMPULSE RESPONSES 17 .
1.6.2 STATISTICAL MOINENTS 18
1.7 FURTHER CHECK 19
1.8 CONCLUSIONS 21
HTTP://D-NB.INFO/103832453X
IMAGE 2
CONTENTS
L.A DERIVATION OF THE ELASTICITY EQUATION (1.15) 23
L.B THE NASH WAGE BARGAINING 23
1.C DERIVATION OF THE MODIFIED SOLOW CONDITION 24
2 EXPECTATION EFFECTS OF REGIME SHIFTS ON LABOR MARKET DY NAMICS 26
2.1 INTRODUCTION 26
2.2 THE MODEL 30
2.2.1 BASELINE MODEL 30
2.2.2 . REGIME SHIFTS 33
2.2.3 EQUILIBRIUM CONDITIONS 34
2.3 CALIBRATION AND SOLUTION METHOD 35
2.3.1 CALIBRATION 35
2.3.2 SOLUTION METHOD 36
2.4 RESULTS 38
2.4.1 POSSIBLE SHIFT IN MONETARY POLICY 38
2.4.2 POSSIBLE SHIFT IN THE DEGREE OF REAL WAGE RIGIDITY .... 39 2.4.3
POSSIBLE SHIFT IN SHOCK PERSISTENCE 40
2.4.4 EMPIRICAL IMPLICATIONS 41
2.5 CONCLUSIONS 44
2.A THE INTERMEDIATE GOODS PRODUCER 45
2.B DERIVE THE UNEMPLOYMENT EULER EQUATION 45
2.C PARAMETERS IN THE PHILLIPS CURVE 46
3 MONETARY POLICY WITH A ZERO LOWER BOUND ON NOMINAL INTEREST RATES AND
LABOR MARKET IMPERFECTIONS 47
3.1 INTRODUCTION 47
3.2 THE MODEL 50
3.2.1 THE SEARCH AND MATCHING FRICTIONS 51
3.2.2 THE DEMAND SIDE 52
3.2.3 THE SUPPLY SIDE 54
3.2.4 THE POLICY OBJECTIVE 56
3.2.5 THE MONETARY POLICY PROBLEM 57
3.3 BASELINE CALIBRATION 58
3.4 OPTIMAL AND SIMPLE MONETAER} POLICY RULES 59
3.4.1 OPTIMAL DISCRETIONARY POLICY 59
3.4.2 OPTIMAL POLICY UNDER COMMITMENT 61
3.4.3 SIMPLE INSTRUMENT RULES 64
IMAGE 3
CONTENTS
3.5 A COMPARISON WITH THE STANDARD NEW KEYNESIAN MODEL ... 64 3.6 THE
ROLE OF LABOR MARKET STRUCTURES 68
3.7 CONCLIISIONS 71
3.A THE LABOR MARKET TIGHTNESS IN TERMS OF UNEMPLOYMENT .... 72 3.B
DERIVE THE UNEMPLOYMENT EULER EQUATION 72
3.C THE NEW KEYNESIAN PHILLIPS CURVE WITH UNEMPLOYMENT .... 73
BIBLIOGRAPHY 75
III
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| indexdate | 2024-12-20T16:34:06Z |
| institution | BVB |
| language | English |
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| spellingShingle | Wang, Tong 1984- Essays on labor markets and monetary policy |
| subject_GND | (DE-588)4113937-9 |
| title | Essays on labor markets and monetary policy |
| title_auth | Essays on labor markets and monetary policy |
| title_exact_search | Essays on labor markets and monetary policy |
| title_full | Essays on labor markets and monetary policy by Tong Wang |
| title_fullStr | Essays on labor markets and monetary policy by Tong Wang |
| title_full_unstemmed | Essays on labor markets and monetary policy by Tong Wang |
| title_short | Essays on labor markets and monetary policy |
| title_sort | essays on labor markets and monetary policy |
| topic_facet | Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026220025&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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