@techreport{NBERw2093,
 title = "Imperfect Information, Credit Markets and Unemployment",
 author = "Bruce C. Greenwald and Joseph E. Stiglitz",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "2093",
 year = "1988",
 month = "1988",
 URL = "http://www.nber.org/papers/w2093",
 abstract = {This paper describes how imperfect information in both capital and labor markets can, in a context of maximizing firms and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely resembles that of observed business cycles.},
}