Forslund, Anders (contributor); Gottfries, Nils (contributor) - 2006
A D
ZEP Z Z
λ−⎛⎞
−=− Ω −
⎜⎟
⎝⎠
(19)
where L is labour supply, N is employment, M and M
N
are the numbers of firms in … value of
t
u as:
() ()
() ()( ) ( )
jj
tjt tjt t tj tjt t tj tj tj
Eu Ew s Ew s w s uηρϕηρη … exchange rate, but is omitted from the estimated equation. Such a variable
may be expected future output or employment. A …