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Comment.
- Source :
- NBER International Seminar on Macroeconomics; 2011, Vol. 8 Issue 1, p241-247, 7p
- Publication Year :
- 2011
-
Abstract
- The author discusses the aspects of the key components of the real business cycle (BRC) models for exploring the properties of the labor market. The author explores the paper by Justiniano and Michelacci on the labor market as the driving force of business cycles and the cross-country difference in labor markets in the U.S. and Europe. The author suggests that the analysis offer an exaggerated view of the variation in the data explained by the model.
Details
- Language :
- English
- ISSN :
- 19328796
- Volume :
- 8
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- NBER International Seminar on Macroeconomics
- Publication Type :
- Report
- Accession number :
- 77746982
- Full Text :
- https://doi.org/10.1086/663661