Unemployment-Rate Dynamics and Persistent Unemployment Under Rational Expectations
收藏数据链接：
官方服务：
资源简介：
This paper develops a model of unemployment rate dynamics that provides an explanation of persistent cyclical unemployment that does not involve persistent expectational errors or other nonoptimizing behavior. Our results are based on the interaction of search dynamics and inventory adjustments. An
提供机构：
美国国家经济研究局创建时间：
1985-02-01
