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What labor market theory tells us about the "New Economy"

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  • Paul Gomme

Abstract

An investigation of whether economic theory supports the claim that a technology shock can change the "natural rate of unemployment."

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File URL: http://www.clevelandfed.org/Research/review/1998/98-q3-gomme.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

Volume (Year): (1998)
Issue (Month): Q III ()
Pages: 16-24

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Handle: RePEc:fip:fedcer:y:1998:i:qiii:p:16-24:n:v.34no.3

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Keywords: Unemployment ; Inflation (Finance);

References

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  1. Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 972-90, October.
  2. Lucas, Robert Jr. & Prescott, Edward C., 1974. "Equilibrium search and unemployment," Journal of Economic Theory, Elsevier, vol. 7(2), pages 188-209, February.
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Cited by:
  1. Robert W. Rich & Donald Rissmiller, 2001. "Structural change in U.S. wage determination," Staff Reports 117, Federal Reserve Bank of New York.
  2. Bharat Trehan, 2001. "Unemployment and productivity," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue oct12.

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