Petrongolo, Barbara (contributor); … - 2008
are taken at discrete
times. Robert Shimer (2007) uses a method based on observations of short term and long
term … unemployment to deal with time aggregation in the two-state case. Michael Elsby,
2
Ryan Michaels and Gary Solon (2007) use a … solution for the two states. The latter is also used by Shigeru Fujita
and Garey Ramey (2007), who deal with two states, and it …