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Equilibrium Unemployment

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NBER1997-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5922
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A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose either to quit and search for a better job, or
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1997-02-01
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