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cycles. Economic Theory, 12(3):583-597]. The aim of this article is to show that financing constraints can substantially … bargaining solution financing constraints increase substantially the volatility of wages, and in turn, amplification for the … comovements between output and labor share. -- Credit and search frictions ; Labor market ; Unemployment …
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cycles. Economic Theory, 12(3):583-597]. The aim of this article is to show that financing constraints can substantially … bargaining solution financing constraints increase substantially the volatility of wages, and in turn, amplification for the …
Persistent link: https://www.econbiz.de/10010281475
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downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …
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