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Unemployment rate dynamics and persistent unemployment under rational expectations
Darby, Michael R.; Haltiwanger, John C.; Plant, Mark W. - 1985
Persistent link: https://www.econbiz.de/10000684661
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Unemployment-Rate Dynamics and Persistent Unemployment Under Rational Expectations
Darby, Michael R.; Haltiwanger, John C.; Plant, Mark W. - 2021
This paper develops a model of unemployment rate dynamics that provides an explanation of persistent cyclical unemployment that does not involve persistent expectational errors or other nonoptimizing behavior. Our results are based on the interaction of search dynamics and inventory adjustments....
Persistent link: https://www.econbiz.de/10013235312
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Unemployment rate dynamics and persistent unemployment under rational expectations
Darby, Michael R.; Haltiwanger, John C.; Plant, Mark W. - In: The American economic review 75 (1985) 4, pp. 614-637
Persistent link: https://www.econbiz.de/10002059536
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Expectations of othersʹ expectations and the transnational nonneutrality of fuly believed systematic monetary policy
Tata, Juan Carlos di - In: Individual forecasting and aggregate outcomes : …, (pp. 47-68). 1983
Persistent link: https://www.econbiz.de/10002903981
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Unemployment-Rate Dynamics and Persistent Unemployment Under Rational Expectations
Darby, Michael R. - 1985
This paper develops a model of unemployment rate dynamics that provides an explanation of persistent cyclical unemployment that does not involve persistent expectational errors or other nonoptimizing behavior. Our results are based on the interaction of search dynamics and inventory adjustments....
Persistent link: https://www.econbiz.de/10012477527