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- W3124665817 abstract "This raises the question whether standard solution techniques such as linearization are accurate enough in those models in which enough volatility is generated. This paper shows that often this is not the case. When enough volatility is generated the non-linearities matter and both first-order perturbation (linearization) as well as second-order perturbation lead to inaccurate solutions, especially during recessions when generated unemployment rates can be 30% above those generated by an accurate solution." @default.
- W3124665817 created "2021-02-01" @default.
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- W3124665817 date "2008-01-01" @default.
- W3124665817 modified "2023-09-28" @default.
- W3124665817 title "Solving labor market matching models accurately" @default.
- W3124665817 hasPublicationYear "2008" @default.
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