Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
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We propose a novel theory of self-fulfilling unemployment fluctuations. According to this theory, a firm hiring an additional worker creates positive external effects on other firms, as a worker has more income to spend and less time to search for low prices when he is employed than when he is
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美国国家经济研究局创建时间：
2013-02-01
