Henry E. Siu

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Rob Shimer1
Martin Schneider1
1Rob Shimer
1Martin Schneider
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We propose a resolution to two important business cycle puzzles for the search-and-matching model of the labor market, namely: (a) the weak amplification of shocks to fluctuations in unemployment, and (b) the strong correlation of unemployment and labor productivity over the cycle. We focus attention on the implementation process of technological(More)
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