Gervais, Martin; Jaimovich, Nir; Siu, Henry E.; Yaniv … - In: International Economic Review 56 (2015) 02, pp. 27-53
The search‐and‐matching model of the labor market fails to match two important business cycle facts: (i) a high … before reaching their full productive potential with it. We consider a novel source of business cycles, namely, fluctuations …