structurally model matching frictions and rigid wages in line with an optimizing rationale in a New Keynesian closed economy DSGE …

structurally model matching frictions and rigid wages in line with an optimizing rationale in a New Keynesian closed economy DSGE …

successfully contributed to the decline of the unemployment rate, critics claim that the reforms led to wage restraint and …

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

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

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric … movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative … tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …