Fiscal Stimulus and Labor Market Dynamics in Japan
スポンサーリンク
概要
- 論文の詳細を見る
The paper studies effects of fiscal expansion on the Japanese labor market. First, using a structural VAR model, we find that the unemployment rate falls and employment rises following an increase in government spending. We also find that fiscal expansion affects flows in and out of unemployment. While an increase in government spending increases the job-finding rate, it reduces the separation rate. We then incorporate search and matching frictions into a standard dynamic general equilibrium model, and study whether the model can explain what we observed in data. While the model fails to predict the exact size of the impact of the government spending shock on the Japanese labor market variables, it can consistently capture the empirical pattern of responses of labor market variables to the shock.
著者
関連論文
- Productivity Growth, On-the-Job Search, and Unemployment
- Ins and Outs of the Long-Run Unemployment Dynamics
- Efficiency in a Search and Matching Model with Training Costs
- Real Shock or Nominal Shock? : Exchange Rate Movements in Cambodia and Lao PDR
- The Reform of the Public Health Insurance and Economic Growth of Japan
- Public Dabt and Economic Growth in an Aging Japan
- Health Insurance Reform and Economic Growth : Simulation Analysis in Japan
- Unemployment and Labor Force Participation in Japan
- Bank Risk and Non-Interest Income Activities in the Indonesian Banking Industry
- Fiscal Stimulus and Labor Market Dynamics in Japan
- Fiscal Stimulus in an Endogenous Job Separation Model