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Firing costs in a business cycle model with endogenous separations
Wesselbaum, Dennis - 2010
This paper introduces productivity-dependent firing costs into an otherwise standard endogenous separations matching …
Persistent link: https://www.econbiz.de/10011452195
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Sector-specific productivity shocks in a matching model
Wesselbaum, Dennis - 2010
Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve (i.e. the negative correlation between unemployment and vacancies) and business cycle statistics jointly. This paper builds upon the sectoral shock literature and combines its...
Persistent link: https://www.econbiz.de/10011452403
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Capital, endogenous separations, and the business cycle
Roye, Björn van; Wesselbaum, Dennis - 2009
productivity shocks, using capital-labor trade-off. The model generates higher volatilities of key variables and therefore enhances … the performance of the matching model to generate stylized facts in response to an aggregate productivity shock. However …
Persistent link: https://www.econbiz.de/10003884840
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What drives endogenous growth in the United States?
Wesselbaum, Dennis - 2010
component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning … productivity growth is close to the two percent pace. -- Business Cycles ; Cleansing Effects of Recessions ; Endogenous Growth …
Persistent link: https://www.econbiz.de/10003981872
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Sector-specific productivity shocks in a matching model
Wesselbaum, Dennis - 2010
; Matching ; Sectoral Productivity Shock …
Persistent link: https://www.econbiz.de/10003932599
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Firing costs in a New Keynesian model with endogenous separations
Wesselbaum, Dennis - 2009
This paper introduces productivity dependent firing costs in an endogenous separation New Keynesian model. By strictly … relation in the data. -- Beveridge Curve ; Productivity Dependent Firing Costs …
Persistent link: https://www.econbiz.de/10003878211