登入
選單
返回
Google圖書搜尋
Capital Gains and Inflation Taxes in a Life-cycle Model
Charles Leung
Mingwei Yuan
Guang-Jia Zhang
Wenli Li
Bank of Canada
出版
Bank of Canada
, 1999
ISBN
066227458X
9780662274582
URL
http://books.google.com.hk/books?id=rIHmzQEACAAJ&hl=&source=gbs_api
註釋
This paper analyzes the dynamic behaviour of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States using the generalized methods of moments estimation technique. Model predictions are made of the relative effects of transitory versus persistent government spending shocks on the number of employees and hours worked per worker. The results are contracted with the predictions of a version of the Burnside, Eichenbaum and Rebelo (1993) labour hoarding model.
