Does the search and matching model fit aggregate US labour market data? While the model has become an important tool of … most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … from it, generated by matching. …

A matching model with labor/leisure choice and staggered bargaining is used to explain (i)differences in GDP per hour …

This paper introduces risk averse workers into a search and matching model and considers the quantitative performance … search and matching models. … in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial …