asset markets participation (LAMP).  As a result risk sharing among member countries is imperfect and the monetary … participation (AMP) becomes a key parameter.  While monetary policy can guarantee determinacy by following an active or passive rule …

We construct an equilibrium random matching model of the labour market, with endogenous market participation and a … participation change with the level of unemployment. In comparison to standard models with constant returns to scale in matching …, agent behaviour is more complex - the model generates plausible joint dynamics of employment, unemployment and participation …