論文

査読有り
2015年3月

Fiscal stimuli in the form of job creation subsidies

JOURNAL OF MACROECONOMICS
  • Chun-Hung Kuo
  • ,
  • Hiroaki Miyamoto

43
開始ページ
267
終了ページ
284
記述言語
英語
掲載種別
研究論文(学術雑誌)
DOI
10.1016/j.jmacro.2014.12.004
出版者・発行元
LOUISIANA STATE UNIV PR

This paper examines the effects of fiscal stimuli in the form of job creation subsidies in a DSGE model with search friction and endogenous job separation. We consider two types of job creation subsidies: a subsidy for the cost of posting vacancies and a hiring subsidy. This paper finds that the effects of job creation subsides on unemployment differ between models with and without endogenous job separation. While a positive job creation subsidy shock lowers unemployment in a model without endogenous job separation, it increases unemployment in a model with endogenous job separation. We also find that while qualitatively the effects of a vacancy cost subsidy on the economy are similar to those of a hiring subsidy, quantitatively they are different. (c) 2015 Elsevier Inc. All rights reserved.

リンク情報
DOI
https://doi.org/10.1016/j.jmacro.2014.12.004
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000350931400019&DestApp=WOS_CPL
ID情報
  • DOI : 10.1016/j.jmacro.2014.12.004
  • ISSN : 0164-0704
  • eISSN : 1873-152X
  • Web of Science ID : WOS:000350931400019

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