有限的再入和商业周期

Q4 Economics, Econometrics and Finance

Journal of economic development Pub Date : 2015-12-01 DOI:10.35866/CAUJED.2015.40.4.001

P. Macnamara

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引用次数: 3

摘要

本文建立了企业动力学模型，研究“有限再入”对宏观经济动力学的影响。在文献中，退出通常被建模为一种永久性决策，即退出的工厂或公司不可能在未来“重新进入”。本文放宽了这一假设，假设退出决策不是永久性的，但退出的生产者仍然有“有限的”重新进入的能力。经过合理校准的模型表明，有限的再入使得商业周期更加不稳定和持久，并促成了2007-09年衰退后的缓慢复苏。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Limited Re-Entry and Business Cycles

This paper builds a model of firm dynamics to study the consequences of "Limited re-entry" for macroeconomic dynamics. In the literature, exit has typically been modeled as a permanent decision whereby it is not possible for an exiting plant or firm to "re-enter" in the future. This paper relaxes this assumption by assuming that the exit decision is not permanent, but that an exiting producer still has a "limited" ability to re-enter. The model, reasonably calibrated, indicates that limited re-entry has made business cycles more volatile and persistent, and has contributed to the slow recovery following the 2007-09 recession.

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来源期刊

Journal of economic development Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Development (JED) promotes and encourages research that aim at economic development and growth by publishing papers of great scholarly merit on a wide range of topics and employing a wide range of approaches. JED welcomes both theoretical and empirical papers in the fields of economic development, economic growth, international trade and finance, labor economics, IO, social choice and political economics. JED also invites the economic analysis on the experiences of economic development in various dimensions from all the countries of the globe.