Hagedorn, Marcus (contributor); … - 2008
Recently, a number of authors have argued that the standard search model cannot generate the observed business … Economics, University of Pennsylvania, 160 McNeil Building, 3718 Locust Walk,
Philadelphia, PA, 19104-6297, USA; e … business-cycle-frequency fluctuations in unemployment and job
vacancies, given shocks of a plausible magnitude. We use data on …