, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

with search and matching frictions. The size of the public sector has been generally expanding over the last decade …, unemployment rate and market tightness as well as on the overall economic growth. We aim at determining whether a portion of … unemployment can be explained by either the increased public hiring or shrinking of the number of public employees in the last …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

We develop a business cycle model with search and matching frictions in the labor market and show that on …. In our calibration, this allows the model to generate fluctuations of unemployment, vacancies, and job-to-job transitions …-order serial correlation that is absent from the standard search and matching model …