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Published in 2020 at "Atlantic Economic Journal"
DOI: 10.1007/s11293-020-09664-4
Abstract: Abstract This paper examines the impact of unemployment and inflation on family income shares. Unemployment and inflation are decomposed into their structural (long-term), cyclical (short-term), anticipated and unanticipated components, respectively. I propose a new framework…
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Keywords:
state;
switching model;
income quintile;
income ... See more keywords