Time Series Representations of Economic Variables and Alternative Models of the Labour Market
接受劳动力市场时间序列事实可由线性自回归移动平均表示这一假设，先归纳劳动力市场的时间序列事实，再比较基于跨期替代和交错合同假设的替代模型。
Accepting the hypothesis that the time-series "facts" of the aggregate labour market may be summarized by the linear autoregressive and moving average representations of wages, prices, unemployment, and interest rates implies that a useful theory ought to lead to predictions about these representations. Following this approach, this paper first catalogues many of the time-series facts about the aggregate labour market and then compares them against alternative models of the labour market based on the intertemporal substitution and staggered contract hypotheses.