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CYCLICAL SHOCKS IN A MODEL OF EQUILIBRIUM UNEMPLOYMENT

Hiroaki Miyamoto and Yoshimasa Shirai

The Japanese Economic Review, 2010, vol. 61, issue 2, 282-288

Abstract: The paper shows a model which displays a procyclical movement of job creation as a rational expectations equilibrium.

Date: 2010
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https://doi.org/10.1111/j.1468-5876.2008.00478.x

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