A SIMPLE MODEL OF KEYNESIAN UNEMPLOYMENT

被引：1
|
作者：
Nakajima, Tetsuya [1 ]
机构：
[1] Dept Econ, Osaka 5588585, Japan
来源：
METROECONOMICA | 2010年 / 61卷 / 02期
关键词：
IMPERFECT COMPETITION; MONOPOLISTIC COMPETITION; MULTIPLIER; MONEY;
D O I：
10.1111/j.1467-999X.2009.04055.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper presents a general equilibrium model that extends a static New Keynesian framework to an overlapping generations model. The model shows multiple stationary states, one of which has the following strong Keynesian features: (1) a reduction in wages generates increased unemployment through a decrease in consumption, and (2) the fiscal multiplier is larger than unity and is increasing in the wage share in income.
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页码：239 / 256
页数：18
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