Simple Explanation of the Classical Limit
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DOI: 10.1007/s10701-019-00310-x
Abstract: The classical limit is fundamental in quantum mechanics. It means that quantum predictions must converge to classical ones as the macroscopic scale is approached. Yet, how and why quantum phenomena vanish at the macroscopic scale… read more here.
Keywords: explanation classical; classical limit; limit; simple explanation ... See more keywords
A Simple Explanation of Countercyclical Uncertainty
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DOI: 10.1257/mac.20220134
Abstract: This paper documents that labor search and matching frictions generate countercyclical uncertainty because the inherent nonlinearity in the flow of new matches makes employment uncertainty increasing in the number of people searching for work. Quantitatively,… read more here.
Keywords: real activity; simple explanation; countercyclical uncertainty; explanation countercyclical ... See more keywords