The fundamental surplus strikes again

Lars Ljungqvist; Thomas J. Sargent

doi:10.1016/j.red.2021.04.007

The fundamental surplus strikes again

Lars Ljungqvist, Thomas J. Sargent

Research output: Contribution to journal › Article › peer-review

Abstract

The fundamental surplus isolates parameters that determine how sensitively unemployment responds to productivity shocks in the matching models of Christiano et al. (2016 and this issue) under either Nash bargaining or alternating-offer bargaining. Those models thus join a collection of models in which diverse forces are intermediated through the fundamental surplus.

Original language	English (US)
Pages (from-to)	38-51
Number of pages	14
Journal	Review of Economic Dynamics
Volume	41
DOIs	https://doi.org/10.1016/j.red.2021.04.007
State	Published - Jul 2021

Keywords

Alternating offer bargaining
Business cycle
DSGE
Fundamental surplus
Matching model
Unemployment

ASJC Scopus subject areas

Economics and Econometrics

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10.1016/j.red.2021.04.007

Cite this

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title = "The fundamental surplus strikes again",

abstract = "The fundamental surplus isolates parameters that determine how sensitively unemployment responds to productivity shocks in the matching models of Christiano et al. (2016 and this issue) under either Nash bargaining or alternating-offer bargaining. Those models thus join a collection of models in which diverse forces are intermediated through the fundamental surplus.",

keywords = "Alternating offer bargaining, Business cycle, DSGE, Fundamental surplus, Matching model, Unemployment",

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The fundamental surplus strikes again

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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