Showing 1 - 10 of 77
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …
Persistent link: https://www.econbiz.de/10010955922
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10004992848
This paper is aimed at investigating the effects of government intervention through unemployment benefits on … macroeconomic dynamics in an agent-based decentralized matching framework. The major result is that the presence of such a public …
Persistent link: https://www.econbiz.de/10010956079
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010886875
the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary …
Persistent link: https://www.econbiz.de/10008496992
/durables ownership. Using household survey data from Moldova, this paper relies on the matching approach for identification. It is shown …
Persistent link: https://www.econbiz.de/10005700492
set on Irish manufacturing plants and employ an empirical strategy that combines a non-parametric matching procedure with …
Persistent link: https://www.econbiz.de/10010982877
Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...
Persistent link: https://www.econbiz.de/10010956107
Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity in the...
Persistent link: https://www.econbiz.de/10005083339
We explore the uses of double-calibrated general equilibrium models as a decomposition tool for analysing contributory factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to start and end years, based upon an assumed functional...
Persistent link: https://www.econbiz.de/10009395928