Arseneau, David M.; Chugh, Sanjay K. - Federal Reserve Board (Board of Governors of the … - 2008
-based macro models. Our simulation-based results show that business cycle fluctuations under competitive search equilibrium are … that business cycle fluctuations under competitive search equilibrium are exactly identical to those under Nash bargaining … business cycle fluctuations using search-based environments to claim that the sometimes-awkward assumption of bargaining per se …