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Recent research has shown that the standard labor matching model has difficulties in reproducing the co-movement patterns observed in US data. This is due to the fact that the standard model lacks sufficient propagation of shocks. This paper shows that refining the informational structure of the...
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Recent research has shown that the standard labor matching model hasdifficulties in reproducing the co-movement patterns observed in US data. Thisis due to the fact that the standard model lacks sufficient propagation of shocks.This paper shows that refining the informational structure of the...
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: Theoretical Foundations -- 1. The Structure of Quantity Rationing Models -- 2. Effective Demand Theory -- II : Econometric …1. The Received Econometric Formulation of 2-Market Rationing Models -- 2. Statement of the Problem -- 3. Contents -- I … Formulation of a 2-Market Macroeconomic Model -- 1. First Generation Models -- 2. A Disequilibrium Rationing Model -- 3 …
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