Title of article :
How toreduceunemployment:Anewpolicyproposal
Author/Authors :
Roger E. A. Farmer، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2010
Pages :
16
From page :
557
To page :
572
Abstract :
This paperusesamodelwithacontinuumofequilibriumsteadystateunemployment ratestoexploretheeffectivenessoffiscalpolicy.Theexistenceofmultiplesteadystate equilibriaisexplainedbythepresenceofsearchandrecruitingcosts.Iusethemodelto explain thecurrentfinancialcrisisasashifttoahighunemploymentequilibrium, inducedbytheself-fulfillingbeliefsofmarketparticipantsaboutassetprices.Iasktwo questions.(1)Canfiscalpolicyhelpusoutofthecrisis?(2)Isthereanalternativeto fiscalpolicythatislesscostlyandmoreeffective?Theanswertobothquestionsisyes
Journal title :
Journal of Monetary Economics
Serial Year :
2010
Journal title :
Journal of Monetary Economics
Record number :
846412
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846412
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