Wenli Li

Latest

Dynamic Employment and Hours Effects of Government Spending Shocks

Staff Working Paper 1999-1 Mingwei Yuan, Wenli Li
In this paper, we analyze the dynamic behaviour of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States using the Generalized Methods of Moments (GMM) estimation technique. An increase in government spending raises hours worked […]
Content Type(s): Staff Research, Staff Working Papers Topic(s): Fiscal Policy, Labour markets JEL Code(s): E, E2, E24, E3, E32, E6, E62, J, J6, J64

See More

Follow the Bank