摘要：The Beveridge curve depicts a negative relationship between unemployed workers
and job vacancies, a robust finding across countries. The position of the
economy on the curve gives an idea as to the state of the labour market. The
modern underlying theory is the search and matching model, with workers and
firms engaging in costly search leading to random matching. The Beveridge curve
depicts the steady state of the model, whereby inflows into unemployment are
equal to the outflows from it, generated by matching.
