Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

DOI10.1093/RESTUD/RDAC048zbMath1519.91147OpenAlexW4291992090MaRDI QIDQ6108953

Patrick J. Kehoe, Elena Pastorino, Unnamed Author, Virgiliu Midrigan

Publication date: 30 June 2023

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1093/restud/rdac048

zbMATH Keywords

business cycleshuman capitalstochastic discount factorsearch and matchingShimer puzzle

Mathematics Subject Classification ID

Interest rates, asset pricing, etc. (stochastic models) (91G30) Labor markets (91B39)

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