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The dynamic Beveridge curve
Fujita, Shigeru; Ramey, Garey - Federal Reserve Bank of Philadelphia - 2005
both the vacancy-unemployment ratio and employment. The authors show that the standard version of the Mortensen …
Persistent link: https://www.econbiz.de/10005717291
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Job flows, jobless recoveries, and the Great Moderation
Faberman, R. Jason - Federal Reserve Bank of Philadelphia - 2008
This paper uses new data on job creation and job destruction to find evidence of a link between the jobless recoveries of the last two recessions and the recent decline in aggregate volatility known as the Great Moderation. The author finds that the last two recessions are characterized by...
Persistent link: https://www.econbiz.de/10005389744
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Job matching and propagation
Fugita, Shigeru; Ramey, Garey - Federal Reserve Bank of Philadelphia - 2006
In the U.S. labor market, the vacancy-unemployment ratio and employment react sluggishly to productivity shocks. The …
Persistent link: https://www.econbiz.de/10005512311
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Worker flows and job flows: a quantitative investigation
Fujita, Shigeru; Nakajima, Makoto - Federal Reserve Bank of Philadelphia - 2013
business cycle features of job flows, worker flows between employment and unemployment, and job-to-job transitions. The … calibrated model successfully replicates (i) countercyclical worker flows between employment and unemployment, (ii) procyclical … cyclical properties of worker flows between employment and unemployment differ from those of job flows, partly because of the …
Persistent link: https://www.econbiz.de/10010633801