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Labor, Credit, and Goods Markets: The Macroeconomics of Search and Unemployment

Hardcover
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An integrated framework to study the theoretical and quantitative properties of economies with frictions in labor, financial, and goods markets.

This book offers an integrated framework to study the theoretical and quantitative properties of economies with frictions in multiple markets. Building on analyses of markets with frictions by 2010 Nobel laureates Peter A. Diamond, Dale T. Mortensen, and Christopher A. Pissarides, which provided a new theoretical approach to search markets, the book...