Nick Bunker charted some data for the Beveridge curve which made me realize I hadn't shown that the Beveridge curve is a consequence of dynamic information equilibrium. We can fit the dynamic equilibrium model to the JOLTS openings data (V for vacancies) and the unemployment rate data (U) — as done before on many occasions. Here's the result:
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The Beveridge curve
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Nick Bunker charted some data for the Beveridge curve which made me realize I hadn't shown that the Beveridge curve is a consequence of dynamic information equilibrium. We can fit the dynamic equilibrium model to the JOLTS openings data (V for vacancies) and the unemployment rate data (U) — as done before on many occasions. Here's the result: