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by Gimpei 4145 days ago
Yeah, this is why wikipedia is not always the most trustworthy source.

I definitely studied these types of models in macro classes from Pissarides, one of the pioneers in the job search field. I think he'd be amused to learn that he had become a microeconomist.

Also, if you look at the example, it is taken directly out of Sargent's textbook: Recursive Macroeconomic Theory.