Bounded rationality and unemployment dynamics

DOI10.1016/J.ECONLET.2021.110150MaRDI QIDQ2069948zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 21 January 2022

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2021.110150

zbMATH Keywords

adaptive learningbounded rationalitybusiness cyclessearch and unemployment

Mathematics Subject Classification ID

Labor markets (91B39)

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Cites work

• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Financial frictions, the housing market, and unemployment
• Learning when to say no
• Rational Expectations Equilibria, Learning, and Model Specification

Cited in

(10)

• Underemployment with liquidity-constrained multi-period firms
• Unemployment, credit rationing, and capital accumulation: A tale of two frictions
• Dynamic equilibria with unemployment due to undernourishment
• Unemployment equilibrium in a random economy
• The Mortensen rule and efficient coordination unemployment
• Learning when to say no
• A rational inattention unemployment trap
• INDETERMINACY, BIFURCATIONS, AND UNEMPLOYMENT FLUCTUATIONS
• Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
• Bid Rents under Unemployment Risk: Delayed versus Timeless Uncertainty

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