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Volume 7 (21) Number 3 pp. 5-15

Toyoki Matsue

Faculty of Economics, Hiroshima University of Economics, Hiroshima, Japan

Economic fluctuations in a model with an overlapping structure of employment

Abstract:

This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard flexible price model. The explicit employment period constructs an overlapping structure of employment which results in the oscillatory response. This study also examines the effects of change in employment period to economic fluctuations and shows that the variations in new hiring are higher when the employment period is long.

pub/2021_3_5.pdf Full text available in Adobe Acrobat format:
http://www.ebr.edu.pl/volume21/issue3/2021_3_5.pdf
Keywords: economic fluctuations, employment, employment period, oscillatory response.

DOI: 10.18559/ebr.2021.3.2

For citation:

MLA Matsue, Toyoki. "Economic fluctuations in a model with an overlapping structure of employment." Economics and Business Review EBR 21.3 (2021): 5-15. DOI: 10.18559/ebr.2021.3.2
APA Matsue, T. (2021). Economic fluctuations in a model with an overlapping structure of employment. Economics and Business Review EBR 21(3), 5-15 DOI: 10.18559/ebr.2021.3.2
ISO 690 MATSUE, Toyoki. Economic fluctuations in a model with an overlapping structure of employment. Economics and Business Review EBR, 2021, 21.3: 5-15. DOI: 10.18559/ebr.2021.3.2