The Consequences of Rigid Wages in Search Models
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下载链接：
https://www.nber.org/papers/w10326
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资源简介：
The standard theory of equilibrium unemployment, the Mortensen-Pissarides search and matching model, cannot explain the magnitude of the business cycle fluctuations in two of its central elements, unemployment and vacancies. Modifying the model to make the present value of wages unresponsive to
提供机构：
美国国家经济研究局
创建时间：
2004-02-01
