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stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising …
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experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower … posterior variances in beliefs. An uncertainty shock is a rise in the probability that any given firm will lose its information …
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