Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
---- Acknowledgements -----
We thank the Kielts-Nielsen Data Center at the University of Chicago Booth School of Business for providing access to the Kielts-Nielsen Consumer Panel Dataset. We are grateful to Chris Edmond and Bob Hall for discussing our paper, and to Mark Aguiar, Jim Albrecht, Costas Azariades, Roger Farmer, Veronica Guerrieri, Erik Hurst, Venky Venkateswaran, Susan Vroman, Steve Williamson and Randy Wright for many useful comments. We are also grateful to seminar participants at ASU, Bocconi, Bonn, Chicago Booth, EIEF, Georgetown, LSE, Princeton, Rochester, Saint Louis FRB, UCLA and from participants at the Search and Matching Workshop (Philadelphia 2012), Society for Economic Dynamics Meeting (Cyprus 2012), NBER Summer Institute (Cambridge 2012) and AEA Meeting (San Diego 2013). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.