Uncertainty, Wages, and the Business Cycle
收藏NBER2020-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27951
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资源简介：
We show that limited wage flexibility in economic downturns generates strong and state-dependent amplification of uncertainty shocks. It also explains the cyclical behavior of empirical measures of uncertainty. Central to our analysis is the existence of matching frictions in the labor market and an
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美国国家经济研究局创建时间：
2020-10-01
