中級宏觀經(jīng)濟(jì)學(xué)上海財經(jīng)大學(xué)經(jīng)濟(jì)學(xué)院沈凌09rbc4(49)-wenkub.com
2025-07-20 03:43 本頁面
【正文】 Labor force ? Total working hours = （ 1 ? u） κ ? δ(κ) Macroeconomics Chapter 9 10 Capital Input Macroeconomics Chapter 9 11 Capital Input ? Owners of capital (households) select the utilization rate, κ, that maximizes (R/P) κK ? δ(κ) F(κK, L) Macroeconomics Chapter 9 3 Capital Input ? κK, rises with the utilization rate, κ. ? Therefore, an increase in κ raises real GDP, Y, for a given technology level, A, capital stock, K, and labor input, L. Macroeconomics Chapter 9 4 Capital Input ? The Demand for Capital Services ? Firms maximize real profit π/P = AF[(κK)d, Ld)] ? (w/P) K = Kκ?δ(κ) The solution is κ = κ? Macroeconomics Chapter 9 12 Capital Input Macroeconomics Chapter 9 13 Capital Input ? Thus, an increase in the real rental price raises the capital utilization rate。 Labor force κ ? δ(κ) ? Rate of return on bonds = rate of return on ownership of capital ? Increase in the technology level, A, raises the rate of return from owning capital, the interest rate, i, increases. The interest rate is still procyclical in the model. Macroeconomics Chapter 9 19 Capital Input ? The Cyclical Behavior of Capacity Utilization ? The Federal Reserve putes capacity utilization by expressing a sector’s output of goods as a percentage of the estimated “normal capacity” of each sector to produce goods Macroeconomics Chapter 9 20 Capital Input Macroeconomics Chapter 9 21 The Labor Force, Employment, and Unemployment ? Empirical Patterns ? Unemployment ? Job vacancies Macroeconomics Chapter 9 22 The Labor Force, Employment, and Unemployment ? Basic Concepts ? u = number unemployed/labor force = ( labor force? number employed) /labor force = 1 ? (number employed/labor force) = 1 ? employment rate ? employment rate= 1 ? u Macroeconomics Chapter 9 23 The Labor Force, Employment, and Unemployment ? Employment =（ 1 ? u） κ ? δ(κ)] ? Rate of return from owning capital = (R/P)(κK)d Macroeconomics Chapter 9 5 Capital Input Macroeconomics Chapter 9 6 Capital Input ? The Demand
高考資料相關(guān)推薦
鄂ICP備17016276號-1