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The Low Volatility Puzzle: Is This Time Different? - Liberty Street Economics
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The Review of Economic Studies on Twitter: "New paper by Kehoe, Lopez (@PierlauroLopez), Midrigan and Pastorino resolves the unemployment volatility puzzle (Shimer puzzle) by combining asset-pricing preferences and human capital acquisition. https://t ...
The Low Volatility Puzzle: Is This Time Different? - Liberty Street Economics
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