Showing 1 - 10 of 210
Persistent link: https://www.econbiz.de/10005590691
average unemployment rate. In our setup, employment grows gradually in booms, due to matching frictions, whereas the onset of …
Persistent link: https://www.econbiz.de/10008475774
equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States …
Persistent link: https://www.econbiz.de/10005536853
In a search and matching environment, this paper assesses a range of modeling setups against macro evidence for the …, search on-the-job and endogenous job separation. Models with wage stickiness and right-to-manage bargaining or with firm …
Persistent link: https://www.econbiz.de/10004969777
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that …
Persistent link: https://www.econbiz.de/10010762042
We provide evidence regarding the dynamic behaviour of net labour flows across U.S. states in response to a positive technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for 226 state pairs, encompassing 80 per cent of...
Persistent link: https://www.econbiz.de/10010762050
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers. We show that if substitutability between home and market goods is...
Persistent link: https://www.econbiz.de/10010885042
authority. Using a sticky-price DSGE matching model of a small open economy in a currency union, we compare the business cycle …
Persistent link: https://www.econbiz.de/10010862268
This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage …
Persistent link: https://www.econbiz.de/10005022236
Taking into account two salient Spanish stylized facts, namely, a persistent disinflationary process and hysteresis in the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with short-run unemployment costs but also with long-run...
Persistent link: https://www.econbiz.de/10005155290