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Why is Unemployment So Countercyclical?
Lawrence J. Christiano
Martin S. Eichenbaum
Mathias Trabandt
出版
National Bureau of Economic Research
, 2020
URL
http://books.google.com.hk/books?id=Tb9ezQEACAAJ&hl=&source=gbs_api
註釋
We argue that wage inertia plays a pivotal role in allowing empirically plausible variants of the standard search and matching model to account for the large countercyclical response of unemployment to shocks.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at "http://www.nber.org/papers/w26723"
