Economic fluctuations in a model with an overlapping structure of employment
This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard fle...
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| Format: | Article |
| Language: | English |
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Sciendo
2021-09-01
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| Series: | Economics and Business Review |
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| Online Access: | https://doi.org/10.18559/ebr.2021.3.2 |