When Hosios meets Phillips: Connecting Efficiency and Stability to Demand Shocks
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- Petrosky-Nadeau, Nicolas & Wasmer, Etienne & Weil, Philippe, 2021. "When Hosios meets Phillips: Connecting efficiency and stability to demand shocks," CEPR Discussion Papers 15833, C.E.P.R. Discussion Papers.
References listed on IDEAS
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Cited by:
- Siena Daniele, & Zago Riccardo., 2021. "Job Polarization and the Flattening of the Price Phillips Curve," Working papers 819, Banque de France.
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More about this item
Keywords
Aggregate demand; unemployment; search and matching frictions; market power; constrained efficiency; wage Phillips curve;All these keywords.
JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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