1 option
Why is Unemployment so Countercyclical? / Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt.
- Format:
- Book
- Author/Creator:
- Christiano, Lawrence J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26723.
- NBER working paper series no. w26723
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- 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.
- Notes:
- Print version record
- January 2020.
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