Taylor, Lance: Maynard’s revenge. The collapse of free market macroeconomics

Patrick Minford

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Taylor, Lance: Maynard’s revenge. The collapse of free market macroeconomics

机译：泰勒·兰斯：梅纳德的复仇。自由市场宏观经济学的崩溃

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来源
《Journal of Economics》 |2011年第3期|p.289-291|共3页
作者
Patrick Minford;
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Cardiff Business School, Cardiff University, Colum Drive, Cardiff, CF10 3EU, UK;

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1. Maynard's Revenge: The Collapse of Free Market Macroeconomics [J] . Jesper Jespersen Eastern economic journal . 2014,第3期

机译：梅纳德的复仇：自由市场宏观经济学的崩溃
2. Maynard's Revenge: The Collapse of Free Market Macroeconomics [J] . Gerald Epstein Journal of Economic Literature . 2012,第2期

机译：梅纳德的复仇：自由市场宏观经济学的崩溃
3. COLLAPSE OF A TAYLOR BUBBLE AT A FREE SURFACE [J] . Basanta Kumar Rana, Arup Kumar Das, Prasanta Kumar Das Multiphase science and technology . 2016,第2期

机译：在自由表面折叠泰勒泡沫
4. Collapse of a Taylor Bubble at Free Surface: An Experimental Investigation [C] . Basanta K. Rana, Lukeshwar S. Paikara, Arup K. Das, International Conference on Fluid Mechanics and Fluid Power . 2017

机译：泰勒泡沫在自由表面崩溃：实验调查
5. Essays on the Macroeconomics of the Labor Market, Human Capital, and Markets with Frictions [D] . ?Jackson, Paul Gabriel 2020

机译：关于劳动力市场，人力资本和摩擦的市场的宏观经济学
6. Clinical Evaluation of a New Lower Pain One Touch Lancing Device for People With Diabetes: Virtually Pain-Free Testing and Improved Comfort Compared to Current Lancing Systems [O] . Mike Grady, Greg Lamps, Ashley Shemain, 2021

机译：患有糖尿病患者的新的较低的疼痛一种触摸腹装置的临床评价：与目前的灌溉系统相比几乎无痛苦的测试和改进的舒适性
7. We analyze, in this paper, a DSGE New Keynesian model with indi- visible labor where firms may belong to two different final goods producing sectors one where wages and employment are determined in competitive labor markets and the orther where wages and employment are the result of a contractual process between unions and firms. Bargaining between firms and monopoly unions implies real wage rigidity in the model and, in turn, an endogenous trade-off between output stabilization and infla- tion stabilization. We show that the negative effect of a productivity shock on inflation and the positive effect of a cost-push shock is crucially determined by the proportion of firms that belong to the competitive sec- tor. The larger is this number, the smaller are these effects. We derive a welfare based objective function as a second order Taylor approxima- tion of the expected utility of the economy's representative agent and we analyze optimal monetary policy. We show that the larger is the num- ber of firms that belong to the competitive sector, the smaller should be the response of the nominal interest rate to exogenous productivity and cost-push shocks. If we consider, however, an instrument rule where the interest rate must react to inflationary expectations, the rule is not af- fected by the structure of the labor market. The results of the model are consistent with a well known empirical regularity in macroeconomics, i.e. that employment volatility is larger than real wage volatility. [O] . Lorenza Rossi, Fabrizio Mattesini 100

机译：在本文中，我们分析了DsGE新凯恩斯主义模型，该模型具有明显的劳动力，其中企业可能属于两个不同的最终产品生产部门，其中工资和就业是在竞争性劳动力市场中确定的，而工资和就业是由工资和就业导致的。工会和公司之间的合同过程。企业和垄断联盟之间的讨价还价意味着模型中的实际工资刚性，反过来，产出稳定和通货膨胀稳定之间的内生权衡。我们表明，生产率冲击对通货膨胀的负面影响以及成本推动冲击的积极影响，主要取决于属于竞争部门的企业比例。这个数字越大，这些效果越小。我们得出一个基于福利的目标函数作为经济代理人的预期效用的二阶泰勒近似，我们分析最优货币政策。我们表明，属于竞争性行业的企业数量越大，名义利率对外生生产率和成本推动冲击的反应就越小。但是，如果我们考虑利率必须对通胀预期作出反应的工具规则，则该规则不受劳动力市场结构的影响。该模型的结果与宏观经济学中众所周知的经验规律一致，即就业波动率大于实际工资波动率。
8. An Unsteady Taylor Angle Formula for Liner Collapse [R] . Chou, P. C., Hirsch, E., Ciccarelli, R. D. 1981

机译：衬垫坍塌的非定常泰勒角公式

Taylor, Lance: Maynard’s revenge. The collapse of free market macroeconomics

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