LMSF, Lecture #4: The Mortensen‐Pissarides Model, II
Overview:
• Finish the “stripped down” or “bare-bones” MP model: Review of diagrammatic exposition
• Comparative statics with the stripped-down MP model
• Looking under the hood of the stripped down Mortensen- Pissarides (MP) model
• Mortensen-Pissarides (1999) model
• Critique of the MP model
by Prof. Burda
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