Comment on "The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the U.S. and Europe"
Chapter in NBER book NBER International Seminar on Macroeconomics 2011 (2012), Jeffrey Frankel and Christopher Pissarides, organizers (p. 241 - 247)
---- Acknowledgements ----
The paper is part of the research activities at the centre of Equality, Social Organization, and Performance (ESOP) at the Department of Economics at the University of Oslo. ESOP is supported by the Research Council of Norway.