Merkl, Christian; Stüber, Heiko - 2021
providing a benchmark for quantitative macroeconomic models. We propose and calibrate a labor market flow model to match various … empirical facts and to perform counterfactual exercises. If all establishments behaved as the most procyclical ones, labor … market amplification would drop by one-third. If all followed Nash bargaining, it would drop by more than two-thirds. …