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~isPartOf:"Working Paper"
~person:"Caballero, Ricardo J."
~person:"Snower, Dennis J."
~subject:"Interplay of lags and shocks"
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The macroeconomics of the labor market: three fundamental views
Karanassou, Marika
;
Sala, Héctor
;
Snower, Dennis J.
-
2007
frictionless equilibrium view; (ii) the chain reaction
theory
, or prolonged adjustment view; and (iii) the hysteresis view. While …
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