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This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. →

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. →

The authors analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. →

The authors analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. →