NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the United States and Europe

Alejandro Justiniano, Claudio Michelacci

Chapter in NBER book NBER International Seminar on Macroeconomics 2011 (2012), Jeffrey Frankel and Christopher Pissarides, organizers (p. 169 - 235)
Conference held June 17-18, 2011
Published in May 2012 by University of Chicago Press
© 2012 by the National Bureau of Economic Research
in NBER Book Series NBER International Seminar on Macroeconomics

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This paper was revised on June 2, 2014

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Document Object Identifier (DOI): 10.1086/663623

This chapter first appeared as NBER working paper w17429, The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the US and Europe, Alejandro Justiniano, Claudio Michelacci
Commentary on this chapter:
  Comment, Marcus Hagedorn
  Comment, Steinar Holden
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