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Labor markets and business cycles /

Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in b...

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Bibliographic Details
Main Author: Shimer, Robert, (Author)
Format: Online Book
Published: Princeton, N.J. : Princeton University Press, ©2010.
Series:CREI lectures in macroeconomics.
Online Access:Online version
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