Improper Churn: Social Costs and Macroeconomic Consequences
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This paper assembles elements that are essential in forming an integral picture of the way a churning' economy functions and of the disruptions caused by transactional difficulties in labor and financial markets. We couch our analysis in a stochastic equilibrium model anchored with US evidence on
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美国国家经济研究局创建时间：
1998-09-01
