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Shimer, Robert - In: Journal of the European Economic Association 2 (2004) 2/3, pp. 469-479

Persistent link: https://www.econbiz.de/10002095143

The Consequences of Rigid Wages in Search Models

Shimer, Robert - In: Journal of the European Economic Association 2 (2004) 2-3, pp. 469-479

The standard theory of equilibrium unemployment, the Mortensen-Pissarides search and matching model, cannot explain the magnitude of the business cycle fluctuations in two of its central elements, unemployment and vacancies. Modifying the model to make the present value of wages unresponsive to...

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Labor- and capital-augmenting technical change

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Political economy of intermediate goods taxation

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Persistence of civil wars

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Vertical integration and technology : theory and evidence

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Emergence and persistence of inefficient states

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The monopoly of violence : evidence from Colombia

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