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Title
EMPLOYMENT FLUCTUATIONS AND THE MITIGATION OF RISK.
Abstract
Deals with the macroeconomic effects of contractual arrangements designed to mitigate risk. Features of macroeconomic fluctuations; Distinctive conjectures that are involved in the controversy about the importance of risk-mitigating arrangements for the generation of macroeconomic fluctuations; Ways in which risk-shifting arrangements can affect the behavior of aggregate employment; Implications for macroeconomic model building; Variation in aggregate employment.