Testing for Keynesian Labor Demand
---- Acknowledgments ----
Prepared for the 2012 NBER Macroeconomics Annual. This research was conducted with restricted access to U.S. Bureau of Labor Statistics data. Randall Verbrugge provided us invaluable assistance and guidance in using the BLS data. We thank Olamide Harrison, Gabriel Mihalache and Neryvia Pillay for excellent research assistance, and Daron Acemoglu, Jonathan Parker, Ricardo Reis, Julio Rotemberg and Michael Woodford for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research, the BLS or the Federal Reserve System.