The fundamental surplus strikes again

被引：7

作者：

Ljungqvist, Lars ^{[1
,2
]}

Sargent, Thomas J. ^{[2
,3
]}

机构：

[1] Stockholm Sch Econ, Stockholm, Sweden

[2] NYU, New York, NY 10003 USA

[3] Hoover Inst War Revolut & Peace, Stanford, CA 94305 USA

来源：

REVIEW OF ECONOMIC DYNAMICS | 2021年 / 41卷

关键词：

Matching model; Alternating offer bargaining; Fundamental surplus; DSGE; Unemployment; Business cycle; EQUILIBRIUM UNEMPLOYMENT; CYCLICAL BEHAVIOR; LONG-RUN; LABOR; VOLATILITY; RISKS;

D O I：

10.1016/j.red.2021.04.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The fundamental surplus isolates parameters that determine how sensitively unemployment responds to productivity shocks in the matching models of Christiano et al. (2016 and this issue) under either Nash bargaining or alternating-offer bargaining. Those models thus join a collection of models in which diverse forces are intermediated through the fundamental surplus. (C) 2021 Elsevier Inc. All rights reserved.

引用

页码：38 / 51

页数：14

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