den Haan, Wouter J.; Haefke, Christian; Ramey, Garey - 2004
to high unemployment benefits. In this paper we reassess the turbulence-unemployment relationship using a matching model …According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in … Ljungqvist and Sargent (1998, 2004) are reversed, and higher turbulence leads to a reduction in unemployment. Thus, changes in …