Showing 1 - 10 of 37
Persistent link: https://www.econbiz.de/10001986765
We present a theory of targeted search, where people with a finite information processing capacity search for a match. Our theory explicitly accounts for both the quantity and the quality of matches. It delivers a unique equilibrium that resides in between the random matching and the directed...
Persistent link: https://www.econbiz.de/10010951612
Persistent link: https://www.econbiz.de/10003344886
"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …
Persistent link: https://www.econbiz.de/10003148619
Persistent link: https://www.econbiz.de/10003172757
Persistent link: https://www.econbiz.de/10003172790
"This paper shows that economic fluctuations can be largely demand-driven. In particular, the stylized open-economy business cycle regularities documented by Feldstein and Horioka (1980) and Backus, Kehoe and Kydland (JPE 1992) can be explained by the standard general equilibrium theory if...
Persistent link: https://www.econbiz.de/10002956729
.S., such as the productivity slowdown, increased labor force participation by women, and the "new economy" of the 1990s. We …
Persistent link: https://www.econbiz.de/10002496908
Persistent link: https://www.econbiz.de/10002496991