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Kingdom and Sweden indicate: First, shorter-term expectations are better anchored than longer-term expectations. Second …, expectations are best anchored in the EU, followed by US, Sweden and UK. Third, during the crisis market implied targets mostly …
Persistent link: https://www.econbiz.de/10010281520
This paper develops the nonparametric identification of models with production complementarities, worker-firm specific disutility of labor and search frictions. Mobility in the model is subject to preference shocks, and we assume that firms can write wage contracts. We develop a constructive...
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