Mortensen, Dale T.; Pissarides, Christopher A. - In: Handbook of macroeconomics : volume 1, part B, (pp. 1171-1228). 1999
properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … unemployed workers from inactivity to production (the ‘job creation’ flow) and one for the flow of workers from employment to … flows are equal. The model is shown to explain well the employment fluctuations observed in the US economy, within the …