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首页> 外文期刊>Journal of Economic Dynamics and Control >Growth and unemployment: Short-run and long-run tradeoffs
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Growth and unemployment: Short-run and long-run tradeoffs

机译：增长与失业：短期与长期的权衡

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摘要

We consider the role of search unemployment and wage bargaining in determining the relationship between growth and unemployment. While the long-run tradeoffs between unemployment and growth are weak, the short-run tradeoffs are much stronger. Their comovement varies along the transitional path and depends upon the underlying structural change. The consequences of the growth-unemployment nexus for fiscal policy are addressed. The analysis provides insights into the debate regarding the appropriate fiscal policy in light of the increased debt following the initial response to the recent financial crisis. Our analysis strongly supports an increase in government investment as the appropriate fiscal policy. (C) 2017 Elsevier B.V. All rights reserved.
机译：我们考虑搜寻失业和工资讨价还价在确定增长与失业之间的关系中的作用。尽管失业与增长之间的长期权衡比较弱，但短期权衡却要强得多。它们的共同运动沿过渡路径变化，并取决于潜在的结构变化。解决了增长-失业关系对财政政策的影响。鉴于对近期金融危机的最初反应之后，债务增加，该分析为有关适当的财政政策的辩论提供了见解。我们的分析强烈支持增加政府投资作为适当的财政政策。 （C）2017 Elsevier B.V.保留所有权利。

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