introducing search frictions on several markets: in a model of credit and labor market imperfections as in Wasmer and Weil (2004 …), I further introduce search on the goods market. The model can be solved by blocks: on two of the three markets, the …

search models of the labor market fail in one of the two dimensions. Two factors related to goods market frictions generate … these results: i) the expected dynamics of consumers' search for goods, itself depending on the income redistributed by …

search models of the labor market fail in one of the two dimensions. Two factors related to goods market frictions generate … these results: i) the expected dynamics of consumers' search for goods, itself depending on the income redistributed by …

introducing search frictions on several markets: in a model of credit and labor market imperfections as in Wasmer and Weil (2004 …), I further introduce search on the goods market. The model can be solved by blocks: on two of the three markets, the …

shocks initiated by Shimer (2005): in an economy with search on credit and labor markets, a financial multiplier raises the …

results: i) the expected dynamics of consumers’ search forgoods, itself depending on the income redistributed by firms and the …

contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment compared to the efficient allocation than in the standard search-matching model. …In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent …

shocks initiated by Shimer (2005): in an economy with search on credit and labor markets, a financial multiplier raises the …

individuals do not search for jobs when non-employed. Facing changes in the value of inactivity, individuals transit through three … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …