Studies investigating the sign of the relationship between growth and unemployment have generated opposite results. In this paper we provide a simple theoretical model where the net effect of growth on unemployment is ambiguous both in steady state and out-of steady-state.

The recent and growing literature which has extended the use of search and matching models even to the housing market does not use the free entry or zero-profit assumption as a key condition for solving the equilibrium of the model. This is because a straightforward adaptation of the basic...

This very brief note improves the paper by Lisi (2012) by removing from the model an unrealistic feature.