Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2012
quantitatively underestimates the correlation of structural unemployment rates across countries. This mirrors the well-known finding … by Shimer (2005) by which thestandard search-and-matching model predicts too small fluctuations of unemployment rates …
