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Persistenz und zyklische Schwankungen der Unterbeschäftigung in Gleichgewichtsmodellen mit rationalen Erwartungen

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  2. Economics, Finance, Business & Management
  3. Journal of Contextual Economics – Schmollers Jahrbuch
  4. Vol. 104, Issue 6
  5. pp. 645–673

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Jaeger, K. Persistenz und zyklische Schwankungen der Unterbeschäftigung in Gleichgewichtsmodellen mit rationalen Erwartungen. Journal of Contextual Economics – Schmollers Jahrbuch, 104(6), 645-673. https://doi.org/10.3790/schm.104.6.645
Jaeger, Klaus "Persistenz und zyklische Schwankungen der Unterbeschäftigung in Gleichgewichtsmodellen mit rationalen Erwartungen" Journal of Contextual Economics – Schmollers Jahrbuch 104.6, 1984, 645-673. https://doi.org/10.3790/schm.104.6.645
Jaeger, Klaus (1984): Persistenz und zyklische Schwankungen der Unterbeschäftigung in Gleichgewichtsmodellen mit rationalen Erwartungen, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 104, iss. 6, 645-673, [online] https://doi.org/10.3790/schm.104.6.645
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Persistenz und zyklische Schwankungen der Unterbeschäftigung in Gleichgewichtsmodellen mit rationalen Erwartungen

Jaeger, Klaus

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 104 (1984), Iss. 6 : pp. 645–673

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Duncker & Humblot
DOI
https://doi.org/10.3790/schm.104.6.645
Language
Multiple languages
Pages
29

Jaeger, Klaus

References

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Abstract

It is shown that in equilibrium models of business cycles with rational expectations cyclical movements of unemployment can only result a) with a lagged labor supply function or b) if the labor supply function is interdependently linked with other lagged quantity reaction functions and individuals cannot reliably seperate permanent and transitory components of each shock. Persistent unemployment is due to the last-mentioned inference problem. The causes of cycles under a) and b) are similar to those in „keynesian“ models (with additional lagged price adjustments). Furthermore, the LWSpostulate beeing not valid in general, both versions of business cycle models imply nearly the same stabilization policies

Table of Contents

Section Title Page Action Price
Klaus Jaeger: Persistenz und zyklische Schwankungen\rder Unterbeschäftigung in Gleichgewichtsmodellen\rmit rationalen Erwartungen 645
Zusammenfassung 671
Summary 671
Literatur 672

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