Lumpy Labor Adjustment as a Propagation Mechanism of Business Cycles
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- Fang Yao, 2008. "Lumpy Labor Adjustment as a Propagation Mechanism of Business Cycles," SFB 649 Discussion Papers SFB649DP2008-022, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
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Cited by:
- Fahr, Stephan & Yao, Fang, 2009. "When does lumpy factor adjustment matter for aggregate dynamics?," Working Paper Series 1016, European Central Bank.
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More about this item
Keywords
business cycles; heterogeneous labor rigidity; increasing hazard function; Weibull distribution;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2008-09-29 (Business Economics)
- NEP-DGE-2008-09-29 (Dynamic General Equilibrium)
- NEP-LAB-2008-09-29 (Labour Economics)
- NEP-MAC-2008-09-29 (Macroeconomics)
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