Does the Shimer puzzle really exist in the American labour market?
This paper employs a dynamic stochastic general equilibrium (DSGE) method to systematically compare Shimer's and Hagedorn-Manovskii's calibration approaches to the analysis of the Shimer puzzle. The findings indicate that adopting an appropriate calibration strategy may help with solving t...
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| Main Author: | |
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| Format: | Article |
| Published: |
Economics Bulletin
2021
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/34977/ |
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| Institution: | Universiti Malaya |