Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to …

dynamic stochastic search-matching model with heterogeneous workers, where aggregate shocks to productivity fuel up the cycle …

In this study we develop and calibrate a search and matching model of the German labour market and analyze the impact …

. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

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 …