Ins and Outs of the Long-Run Unemployment Dynamics
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概要
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This paper studies the contribution of inflow and outflow rates to the unemploymentdynamics in the long-run. I nd that in the U.S., both inflow and outflow rates contribute signi cantly to variation in the long-run trend of the unemployment rate. Inflow and outflow rates account for roughly similar proportions of overall unemployment variability in the long-run.
- 2011-02-25
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