five

Unemployment Crises

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NBER2013-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19207
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A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can potentially explain the large unemployment dynamics in the Great Depression. The limited response of wages to labor market conditions from credible bargaining and the congestion
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2013-07-01
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