ABBRITTI, Mirko; BOITANI, Andrea; DAMIANI, Mirella - Dipartimento di Economia, Università degli Studi di Perugia - 2006
The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state and involuntary fluctuations in unemployment. After calibrating the model, through simulations we are able to show that our model with labour market imperfections...