Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …-over effects of labor market institutions ; unemployment ; international trade ; search frictions ; heterogeneous firms …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …-over effects of labor market institutions ; unemployment ; international trade ; search frictions ; heterogeneous firms …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. -- Credit markets ; labor markets ; unemployment ; credit constraints ; search frictions …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …-over effects of labor market institutions ; unemployment ; international trade ; search frictions ; heterogeneous firms …