Department of Economics / National Science Foundation / Federal Reserve Bank / Conference Board / Federal Reserve Bank of Minneapolis / Alfred P. Sloan Foundation / University of Chicago / Bureau of Labor Statistics / /
Person
Harold Cole / Peter Diamond / Job-Finding Rate An / Olivier Blanchard / V / Dale Mortensen / Richard Rogerson / James Heckman / Lawrence Summers / Arnold Zellner / Craig Riddell / S. JOB VACANCIES / Katharine Abraham / John Abowd / Robert Barro / Olivier Blanchard / Christopher Flinn / Gary Solon / Robert Hall / John Haltiwanger / Arthur Hosios / Stephen Jones / Robert E. Lucas / Jr. / Sebastian Ludmer / Barbara Petrongolo / Sector Productivity / James Poterba / Chris Pissarides / ROBERT SHIMER / Leonard Rapping / Christopher Pissarides / JOB-FINDING PROBABILITY UNEMPLOYED WORKERS / /
Position
editor / worker in the nonfarm business sector / employed worker / worker in the non-farm business sector / unemployed worker / individual unemployed worker / Major / social planner / search and matching model / /
ProvinceOrState
Minnesota / /
PublishedMedium
THE AMERICAN ECONOMIC REVIEW / /
Technology
constant returns-to-scale production technology / http / /
The Cyclical Behavior of Equilibrium Unemployment and Vacancies By ROBERT SHIMER* This paper argues that the textbook search and matching model cannot generate the observed business-cycle-frequency fluctuations in unempl