Cyclical shocks in a model of equilibrium unemployment

Hiroaki Miyamoto, Yoshimasa Shirai

Research output: Contribution to journalArticle


The paper shows a model which displays a procyclical movement of job creation as a rational expectations equilibrium.

Original languageEnglish
Pages (from-to)282-288
Number of pages7
JournalJapanese Economic Review
Issue number2
Publication statusPublished - 2010 Jun 1

ASJC Scopus subject areas

  • Economics and Econometrics

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