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Time-Varying Employment Risks, Consumption Composition, and Fiscal Policy
http://hdl.handle.net/2261/56351
http://hdl.handle.net/2261/56351b6f9473b-eb92-4500-9bbd-7dffd0bb32b1
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
wp053.pdf (249.3 kB)
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| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2015-05-11 | |||||
| タイトル | ||||||
| タイトル | Time-Varying Employment Risks, Consumption Composition, and Fiscal Policy | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Time-varying idiosyncratic risk | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | unemployment risk | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | precautionary saving | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | regime-switching fiscal policy | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | transfers | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL classification: E21; H53; J08 | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| 著者 |
Nirei, Makoto
× Nirei, Makoto× Sarker, Sanjib× Yamana, Kazufumi |
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| 著者所属 | ||||||
| 著者所属 | Institute of Innovation Research, Hitotsubashi University | |||||
| 著者所属 | ||||||
| 著者所属 | Department of Economics, Utah State University | |||||
| 著者所属 | ||||||
| 著者所属 | Graduate School of Economics, Hitotsubashi University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This study examines the response of aggregate consumption to active labor market policies that reduce unemployment. We develop a dynamic general equilibrium model with heterogeneous agents and uninsurable unemployment as well as policy regime shocks to quantify the consumption effects of policy. By implementing numerical experiments using the model, we demonstrate a positive effect on aggregate consumption even when the policy serves as a pure transfer from the employed to the unemployed. The positive effect on consumption results from the reduced precautionary savings of the households who indirectly benefit from the policy by a decreased unemployment hazard in future. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 2012～2016年度科学研究費補助金[基盤研究(S)]「長期デフレの解明」(研究代表者 東京大学経済学研究科・渡辺努, 課題番号：24223003) | |||||
| 書誌情報 |
JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series 巻 053, 発行日 2014-12 |
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| 出版者 | ||||||
| 出版者 | UTokyo Price Project | |||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.price.e.u-tokyo.ac.jp/researchdata/ | |||||
