Aggregate Implications of Labor Market Distortions: The Recession of 2008-9 and Beyond
NBER Working Paper No. 15681
---- Acknowledgements ----
I appreciate the comments of Andrei Shleifer, seminar participants at Clemson University, Tel Aviv University, and students at M.I.T. I will provide updates on my blog www.panic2008.net. I appreciate the financial support of the George J. Stigler Center for the Study of the Economy and the State. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.