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turn reduced growth, especially in upswings – and allowed employment to recover to its initial pre-recession levels …
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We investigate the macroeconomic consequences of fluctuations in the effectiveness of the labor-market matching process with a focus on the Great Recession. We conduct our analysis in the context of an estimated medium-scale DSGE model with sticky prices and equilibrium search unemployment that...
Persistent link: https://www.econbiz.de/10013073113
We investigate the macroeconomic consequences of fluctuations in the effectiveness of the labor-market matching process with a focus on the Great Recession. We conduct our analysis in the context of an estimated medium-scale DSGE model with sticky prices and equilibrium search unemployment that...
Persistent link: https://www.econbiz.de/10013032742
falls in the trend employment-population ratio. The recent shift in the Beveridge Curve during the Great Recession is …
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