International University of Japan
  • English English en
  • 日本語 Japanese ja
International University of Japan
  • About IUJ
  • Academic Program
  • Admissions & Aid
  • Research & Library
  • Careers & Alumni
  • On Campus
  • Search
IUJ: Research outputs: Working Paper
Working Paper

No EMS-2014-05
Title Fiscal Stimulus and Unemployment Dynamics
Author Chun-Hung Kuo
Hiroaki Miyamoto
Year 2014
AbstractText Focusing on both hiring and firing margins, this paper revisits effects of fiscal expansion on unemployment. We provide evidence that an increase in government spending increases the job finding rate and reduces the separation rate, lowering unemployment in the U.S. by using a structural VAR model. We then develop a DSGE model with search frictions where job separation is endogenously determined. Our model can capture the empirical pattern of responses of the job finding, separation, and unemployment rates to a government spending shock. We also demonstrate that model's predictions are in contrast with earlier studies that assume exogenous separation.
Revised version published in

About

  • IUJ Education
  • Graduate School of
    International Management
  • Graduate School of
    International Relations
  • Self-Evaluation
  • Access – Campus
  • Access – Tokyo Office
  • Faculty Positions

Career

  • Career Counseling and
    Service
  • Career Workshops
  • On-Campus Recruitment
  • Placement Information

Admission

  • GSIR Admission Schedule
  • GSIM Admission Schedule
  • Materials Request/Download
  • Info Sessions and
    Open-campus
  • Scholarship Info
  • Admissions Info

Alumni

  • Alumni Directory
  • Alumni Newsletter
  • ThANKS Fund
  • Alumni Login

Academic Programs

  • International Relations
    Program
  • International Development
    Program
  • Public Management and
    Policy Analysis Program
  • Japan-Global Development
    Program
  • MBA
  • One-Year MBA Program
  • PhD Program

Research/Library

  • Library
  • MLIC Computing Services
  • Research Institute
  • GLOCOM
  • Researchers Database

Special Programs

  • GSIR Linkage
  • GSIM Linkage
  • Global Partnership Program
  • Summer Intensive Program
  • Non-Degree Programs
  • Interuniversity Project
  • ICLOVE

On Campus

  • Office of Student Services
  • GSIR Student Info Page
  • GSIM Student Info Page
  • Campus Directory
  • Contact us
  • MyIUJ Login
Copyright © 2022 - International University of Japan | Site Policy | Privacy Policy