We present a monetary general equilibrium model with labor market frictions in the form of search unemployment which is calibrated for the US economy. Interestingly, both employment and output may even increase with the rate of in ation depending on the elasticity of labor supply. Considering the tr
β¦ LIBER β¦
Trade theorems with search unemployment
β Scribed by Yu Sheng; Xinpeng Xu
- Book ID
- 109171126
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 189 KB
- Volume
- 43
- Category
- Article
- ISSN
- 0008-4085
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