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Imperfect Information, Credit Markets and Unemployment

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NBER1986-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2093
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资源简介:
This paper describes how imperfect information in both capital and labor markets can, in a context of maximizing firms and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely resembles that of observed business cycles.
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1986-12-01
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