Braun, Helge; Bock, Reinout De; DiCecio, Riccardo - Federal Reserve Bank of St. Louis - 2007
demand shocks. Demand and supply shocks are equally important in driving business cycle fluctuations of labor market … persistent e�ects than demand shocks.
Demand and supply shocks are equally important in driving business cycle �uc-
tuations of ….
JEL: C32, E24, E32, J63.
Keywords: business cycles, job �ows, unemployment, vacancies, vector au-
toregressions, worker …