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the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary … ; Matching ; Sectoral Productivity Shock …
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A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …
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Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve … builds upon the sectoral shock literature and combines its insights with the standard endogenous separation matching approach …
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Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the economy. These life decisions are fundamentally tied to specific periods of an individual's career, and economic shocks may therefore...
Persistent link: https://www.econbiz.de/10012745247
Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the economy. These life decisions are fundamentally tied to specific periods of an individual's career, and economic shocks may therefore...
Persistent link: https://www.econbiz.de/10013415340
We implement capital in an endogenous separations New Keynesian matching model. In contrast to the vintage capital … the performance of the matching model to generate stylized facts in response to an aggregate productivity shock. However …, there is almost no difference for monetary policy shocks. -- Capital ; Endogenous Separations ; Search and Matching …
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