09-063/2 - Imperfect Information, Lagged Labor Adjustment and the Great Moderation

• Authors
  Tim Willems, University of Amsterdam; Sweder van Wijnbergen, University of Amsterdam
• Publication date
  July 17, 2009

• Keywords
  imperfect information, labor adjustment, jobless growth, option value of waiting, Great Moderation
• JEL
  E24, E32, J23, J24