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Cyclical Shocks In A Model Of Equilibrium Unemployment

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  • HIROAKI MIYAMOTO
  • YOSHIMASA SHIRAI

Abstract

The paper shows a model which displays a procyclical movement of job creation as a rational expectations equilibrium.

Suggested Citation

  • Hiroaki Miyamoto & Yoshimasa Shirai, 2010. "Cyclical Shocks In A Model Of Equilibrium Unemployment," The Japanese Economic Review, Japanese Economic Association, vol. 61(2), pages 282-288, June.
    • Handle: RePEc:bla:jecrev:v:61:y:2010:i:2:p:282-288
    DOI: 10.1111/j.1468-5876.2008.00478.x
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    References listed on IDEAS

    as
    1. Christopher A. Pissarides, 2000. "Equilibrium Unemployment Theory, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262161877, April.
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