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This paper is about "involuntary unemployment" in general equilibrium models with imperfect competition. It surveys … papers written after the seminal work of d'Aspremont, Dos Santos Ferreira and Gerard-Varet (1984). This unemployment is … involuntary unemployment. In our presentation, we characterise this form of unemployment through three elements: Consumers …
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In this paper we investigate the quantitative importance of search and matching fric- tions in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with both a two-sided costly search and fiscal policy. This introduces a...
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