FIRING COSTS AND BUSINESS CYCLE FLUCTUATIONS*
构建了一个包含企业层面动态的真实经济周期模型，分析解雇税对经济周期波动的影响，发现解雇税显著影响总就业，即使较小的解雇税也有较大效应，并介绍了用线性二次方法求解含税扭曲的(S,s)经济随机均衡的计算方法。
This article considers a real business cycle model with establishment level dynamics and uses it to analyze the effects of firing taxes. It finds that firing taxes can have significant consequences on business cycle fluctuations, that the largest effects are on aggregate employment, and that even relatively small firing taxes have substantial effects. A significant contribution of the article is computational: It describes how to use standard linear‐quadratic methods to solve for a stochastic equilibrium of an (S,s) economy with tax distortions.