Labor markets and business cycles

By Robert Shimer

"Shimer's definitive account of the modern theory of labor market volatility presents many new results and deserves a prominent place on the bookshelf of every macroeconomist and labor economist." -Robert E. Hall, author of Forward-Looking Decision Making

"No other book on labor markets and business cycles treats search and matching models with the same detail. This will be a standard reference for advanced graduate students and researchers who are familiar with modern dynamic programming techniques." -Monika Merz, Bonn University