We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …

facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed …

A synthesis of the Lucas-Prescott island model and the Mortensen- Pissarides matching model of unemployment is studied …

, potentially complementary, input fixed. We introduce a class of such reallocations -- correlated matching rules -- that includes … the status quo allocation, a random allocation, and both the perfect positive and negative assortative matching …

the matching-function approach) that are common in search-based models of financial markets, monetary theory, and labor … mutation, random matching with match-induced type changes, and with the potential for enduring partnerships that may have …

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …