Estimation of a Quarterly Macroeconomic Model with Quantity Rationing
估计了一个小型固定价格模型，该模型在商品和劳动力市场上引入随机数量配给，能够内生生成生产率周期和产能利用率，并估计了配给方案，讨论了不同体制的概率、市场失衡强度及政策效果。
We specify and estimate a small fix-price model with quantity rationing on both the goods and labor markets. The side of the market which is rationed is random. The model is able to generate a productivity cycle and the degree of capacity utilization is endogenous. The rationing scheme, allocating supply between the various components of demand is estimated. The probabilities of being in the various regimes, the intensity of the dispquilibrium on the markets, and the results of policy exercises are discussed.