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Comment.

Authors :
Holden, Steinar
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