Fujiki, Hiroshi; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2006
first condition is that there is
a relationship between the aggregate business cycle and the dispersion of conditions … that the aggregate unemployment rate does move somewhat with
the business cycle, which indicate recessions in 1985 … business cycles became
more similar to each other over the period 1976-2005.
4
Vacancy data are not collected directly in …