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reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … responses to each shock. Our analysis permits us to distinguish between the short- and longrun effects of the shocks. Different …
Persistent link: https://www.econbiz.de/10011450238
reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … responses to each shock. Our analysis permits us to distinguish between the short- and long-run effects of the shocks. Different …
Persistent link: https://www.econbiz.de/10002166465
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labor resources generated in the aftermath of a shock). Furthermore, we estimate the contributions of individual lagged …
Persistent link: https://www.econbiz.de/10013321310
reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … responses to each shock. Our analysis permits us to distinguish between the short- and long-run effects of the shocks. Different …
Persistent link: https://www.econbiz.de/10014078523
"The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can be analysed by separate branches of economics. The macro literature tries to explain inflation dynamics and estimates the NAIRU. The labour macro literature tries to explain...
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