Accounting for unemployment: the long and short of it

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Andreas Hornstein;
  • Subject: Business cycles ; Labor market ; Unemployment ; Economic growth

Shimer (2012) accounts for the volatility of unemployment based on a model of homogeneous unemployment. Using data on short-term unemployment he finds that most of unemployment volatility is accounted for by variations in the exit rate from unemployment. The assumption ... View more
  • References (25)
    25 references, page 1 of 3

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