DiCecio, Riccardo (contributor) - 2005
model which can account for this key regularity. My model incorporates three shocks to the economy: monetary policy shocks …) shows how wage rigidities deliver
plausible volatility for unemployment, job-�nding rates, and vacancies.
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(e.g., DRI … regularity. My model incorporates three shocks to the econ-
omy: monetary policy shocks, neutral technology shocks, and embod …