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政大典藏 > College of Social Science > Department of Public Finance > Periodical Articles > Item 140.119/133622

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/133622

Title:	A Note on Labor Share, Price Markup and Monetary Policy
Authors:	朱琇妍 Chu, Shiou-Yen
Contributors:	財政系
Keywords:	Laborshare;Monetarypolicy;DSGEmodels
Date:	2020-07
Issue Date:	2021-01-19 11:40:22 (UTC+8)
Abstract:	This paper extends Kaplan and Zoch’s (2020) insight that the total labor share is neither solely norinversely determined by the price markup in a medium scale dynamic stochastic general equilibrium(DSGE) model with nondurables and durables. Our calibration results show that when monetarypolicy shocks and markup shocks are set to be positively (negatively) correlated, monetary contractionincreases (decreases) total labor share and price markup. The total labor share is countercyclical(procyclical) conditional on a monetary policy shock.
Relation:	Economics Letters, Vol.192, pp.109169
Data Type:	article
DOI link:	https://doi.org/10.1016/j.econlet.2020.109169
DOI:	10.1016/j.econlet.2020.109169
Appears in Collections:	[Department of Public Finance] Periodical Articles

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