Economic fluctuations in a model with an overlapping structure of employment

• Authors: Toyoki Matsue

Abstracts

EN

This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard flexible price model. The explicit employment period constructs an overlapping structure of employment which results in the oscillatory response. This study also examines the effects of change in employment period to economic fluctuations and shows that the variations in new hiring are higher when the employment period is long.

Keywords

EN

economic uflctuations; employment; employment period; oscillatory re sponse

• Publisher: Uniwersytet Ekonomiczny w Poznaniu
• Journal: Economics and Business Review
• Year: 2021
• Volume: 7
• Issue: 3
• Pages: 5-15

Contributors

author

Toyoki Matsue

• Faculty of Economics, Hiroshima University of Economics, Asaminamiku, Hiroshima, Japan

Identifiers

DOI

10.18559/ebr.2021.3.2

Biblioteka Nauki

1837928