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Equilibrium Unemployment Theory (MIT Press)
Christopher A. Pissarides
[PDF.rs47] Equilibrium Unemployment Theory (MIT Press)
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| #1556479 in eBooks | 2000-03-02 | 2000-03-02 | File type: PDF||1 of 1 people found the following review helpful.| Well rounded. Readable. Enlightening.|By Authenticated User|The book provides an in depth and complete treatment of it's subject matter. The math is all there. But along with the math are clear discussions of what and why. Too often equations are thrown out there in a lump with a brief description. That approach cannot help but miss important and enlightening det|||The unemployment story has many mansions, and this book owns one of them. It analyzes unemployment as a search-and-match-mediated equilibrium of flows through the labor market, set in motion by job destruction and job creation. The new edition adds endogenous
An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor ma...
You can specify the type of files you want, for your device.Equilibrium Unemployment Theory (MIT Press) | Christopher A. Pissarides. I was recommended this book by a dear friend of mine.
