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Evaluating the performance of the search and matching model
Yashiv, Eran - London School of Economics (LSE) - 2005
Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …
Persistent link: https://www.econbiz.de/10011071277
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Labor search and matching in macroeconomics
Yashiv, Eran - London School of Economics (LSE) - 2007
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …
Persistent link: https://www.econbiz.de/10011071476
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Productivity, aggregate demand and unemployment fluctuations
Barnichon, Regis - London School of Economics (LSE) - 2007
standard search and matching models. The correlation between cyclical unemployment and the cyclical component of labor …
Persistent link: https://www.econbiz.de/10010884545
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The Shimer puzzle and the correct identification of productivity shocks
Barnichon, Regis - London School of Economics (LSE) - 2007
Shimer (2005a) claims that the Mortensen-Pissarides search model of unemployment lacks an ampiflication mechanism because it cannot generate the observed business cycle fluctuations in unemployment given labor productivity shocks of plausible magnitude. This paper argues that part of the problem...
Persistent link: https://www.econbiz.de/10010884680
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Investigating agglomeration economies in a panel of European cities and regions
Artis, Michael; Curran, Declan; Sensier, Marianne - London School of Economics (LSE) - 2011
This paper investigates agglomeration economies in an annual panel of NUTS 2 and NUTS 3 city regions across France, Germany, Ireland, Italy, Spain and the UK over 1980-2006 and comparing three sub-samples to see if the effects have changed over time. We uncover evidence of long run agglomeration...
Persistent link: https://www.econbiz.de/10011126273
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New-keynesian or RBC transmission? The effects of fiscal shocks in labour markets
Pappa, Evi - London School of Economics (LSE) - 2005
We study the mechanics of transmission of fiscal shocks to labour markets. We characterize a set of robust implications following government consumption, investment and employment shocks in a RBC and a New- Keynesian model and use part of them to identify shocks in the data. In line with the...
Persistent link: https://www.econbiz.de/10010928790
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A test between unemployment theories using matching data
Coles, Melvyn; Petrongolo, Barbara - London School of Economics (LSE) - 2003
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …
Persistent link: https://www.econbiz.de/10010928750
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The Beveridge curve
Yashiv, Eran - London School of Economics (LSE) - 2007
underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching … from it, generated by matching. …
Persistent link: https://www.econbiz.de/10010744873
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Unemployment dynamics with international capital mobility
Azariadis, Costas; Pissarides, Christopher - London School of Economics (LSE) - 2007
We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that rapid capital movements across national borders, like those experienced by developed nations in the last twenty years,...
Persistent link: https://www.econbiz.de/10010744954
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A theory of countercyclical government multiplier
Michaillat, Pascal - London School of Economics (LSE) - 2012
I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent to 8 percent. This multiplier indicates the additional number of workers employed when one worker is hired in the public sector. Graphically, in equilibrium, an upward-sloping...
Persistent link: https://www.econbiz.de/10010745284