The Fundamental Surplus

By Lars Ljungqvist, Thomas J. Sargent. 2017

112 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1ed190dafbef9ad51bc5ac91ac114910ae82005e

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In Economics and Econometrics

1. Nicolas Petrosky-Nadeau
2. Lu Zhang
3. Joseph Chen

Citations in the corpus

• Solving the Diamond–Mortensen–Pissarides model accurately (2017, background): “In particular, Ljungqvist and Sargent (2016) show that all the proposed DMP models in the literature induce strong responses of unemployment to productivity shocks by diminishing the fundamental surplus, which is defined as the amount of output allocated to vacancy creation.”