Dosi, Giovanni; Fagiolo, Giorgio; Gabriele, Roberto - Laboratory of Economics and Management (LEM), Scuola … - 2004
Three well-known aggregate regularities (i.e. Beveridge, Wage, and Okun's curves) seem to provide a quite complete picture of the interplay between labor market macro-dynamics and business cycle. Nevertheless, existing theoretical literature still lacks micro-founded models which are able to...