High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations
Published Online:4 Aug 2023https://doi.org/10.1287/mnsc.2022.03712
Volume 70, Issue 6
June 2024
Pages 3381-4165, iii-v
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- Received:November 30, 2022
- Accepted:July 08, 2023
- Published Online:August 04, 2023
Copyright © 2023, INFORMS
Cite as
Indrajit Mitra, Taeuk Seo, Yu Xu (2023) High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations. Management Science 70(6):4051-4068.
https://doi.org/10.1287/mnsc.2022.03712
Keywords
The authors thank Lukas Schmid (the editor), two anonymous referees, Yan Ji, Juan-Rubio Ramirez, Tom Sargent, and participants at the Atlanta Fed and Philly Five conference for useful comments. The views expressed here are ours and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.
