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The study uses a bivariate unobserved components model for output and the unemployment rate in order to examine stylised facts of the cyclical behaviour of unemployment and to estimate the size of persistence. The model is applied to the U.S., Canada, and major European economies. Estimates of...
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the extended matching model, we create a new historical vacancy series for Canada based on relative employment in …
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the extended matching model, we create a new historical vacancy series for Canada based on relative employment in …
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