Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/140807
DC Field | Value | Language |
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dc.contributor | 財政系 | - |
dc.creator | 朱琇妍 | - |
dc.creator | Chu, Shiou-Yen | - |
dc.date | 2022-09 | - |
dc.date.accessioned | 2022-07-06T07:32:55Z | - |
dc.date.available | 2022-07-06T07:32:55Z | - |
dc.date.issued | 2022-07-06T07:32:55Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/140807 | - |
dc.description.abstract | This paper reexamines the cyclical behaviors of price markup, profits, and labor share when responding to monetary and fiscal policy shocks in a two-agent, two-branch, and two-sector model. We show that this framework is able to generate procyclical price markup and profits, and countercyclical labor share conditional on expansionary policy shocks. These results are in line with empirical evidences but at odds with the prediction of canonical New Keynesian models. As the share of nondurables in total production decreases, the results reverse. This finding implies expansionary monetary and fiscal policies widen the income inequality between Ricardian households and collateral-constrained households. | - |
dc.format.extent | 98 bytes | - |
dc.format.mimetype | text/html | - |
dc.relation | Scottish Journal of Political Economy, Vol.69, No.4, pp.367-395 | - |
dc.subject | collateral constraint; consumption inequality; nominal rigidity; DSGE | - |
dc.title | Markups, inequality and monetary-fiscal policies | - |
dc.type | article | - |
dc.identifier.doi | 10.1111/sjpe.12312 | - |
dc.doi.uri | https://doi.org/10.1111/sjpe.12312 | - |
item.openairetype | article | - |
item.grantfulltext | restricted | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
item.fulltext | With Fulltext | - |
Appears in Collections: | 期刊論文 |
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