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adoption process of IT with associated learning costs. -- Productivity slowdown ; growth ; NAIRU level ; common shifts …
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rates, than the Consensus survey of macroeconomic forecasters. Over the longer term, our best guess is that the personal …
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We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness being 20 times more volatile than consumption....
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