Unemployment dynamics and the cost of business cycles

Sophie Osotimehin, Francois Langot and Jean-Olivier Hairault

No 492, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: endogenous, provided the structural model is able to reproduce its volatility. Moreover, the matching model embeds other non-linearities, which alter the average job finding rate and consequently the business cycle cost.

Date: 2009
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Working Paper: Unemployment Dynamics and the Cost of Business Cycles (2008)
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