Uncertainty, Productivity and Unemployment in the Great Depression

125 citations recorded by the source corpus.

Citations in the corpus

‘Wait-and-See’ business cycles? (2013, background): “5 Other channels for the propagation of risk shocks have been considered in the literature: for example, search frictions in Schaal (2011), investment opportunities in Lee (2011), as well as agency problems in Narita (2011).”
Efficient Firm Dynamics in a Frictional Labor Market (2015, unknown): “The aggregate productivity parameter attains five equally distant values in the interval [zmin, 2−zmin], and the Markov process for z is a mean–reverting process with transition probability ψ, as described in Appendix C of Shimer (2005). The two parameters (zmin, ψ) = (0.95, 0.015) are set to target”