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This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on two key assumptions: search frictions in the labor...
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1. Introduktion. Bakgrund -- Forskningsöversikt -- Syfte -- Frägeställning -- Svenska källor -- Utländska källor -- Metod -- 2. Tidigmodern kreditmarknad. Den finansiella Infrastrukturen -- Företagsformer / associationer -- Krediter under perioden 1750-1820 -- Importens respektive...
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