Financial Markets and Unemployment
收藏NBER2011-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17389
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资源简介：
We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The transmission
提供机构：
美国国家经济研究局
创建时间：
2011-09-01
