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Federal Reserve Bank of St. Louis
Economic Synopses
Identifying structural and cyclical shocks across U.S. regions
David Andolfatto
Constanza S. Liborio
Abstract

It is not clear how monetary policy might be used to reduce local unemployment rates where recruiting intensity is high but the right kind of worker is hard to find.


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David Andolfatto & Constanza S. Liborio, "Identifying structural and cyclical shocks across U.S. regions" , Federal Reserve Bank of St. Louis, Economic Synopses, number 5, 2012.
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Keywords: Unemployment ; Labor market ; Employment
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