Narrow search
Showing 1 - 10 of 6,941
Cover Image
The heterogeneous impact of referrals on labor market outcomes
Lester, Benjamin; Rivers, David A.; Topa, Giorgio - 2021
We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the … importance of distinguishing between different types of referrals-those from family and friends and those from business contacts …-and different occupations. Then we develop an on-the-job search model that incorporates referrals and calibrate the model to key …
Persistent link: https://www.econbiz.de/10012660361
Cover Image
The heterogeneous impact of referrals on labor market outcomes
Lester, Benjamin; Rivers, David A.; Topa, Giorgio - 2021
Persistent link: https://www.econbiz.de/10012744660
Cover Image
QE and Unemployment : A Financial Friction DSGE Model with LSAPs and Labor Market Search
Song, Xuetao - 2014
In response to the disruption of credit markets and the zero lower bound during the recent financial crisis, the Federal Reserve introduced a variety of new policy tools. Perhaps, the most visible of these tools is large scale asset purchases (LSAP) programs, often referred to as "quantitative...
Persistent link: https://www.econbiz.de/10013055860
Cover Image
Privatizing Money
Yeager, Leland - 2013
Persistent link: https://www.econbiz.de/10013083118
Cover Image
Frictional asset reallocation under adverse selection
Madison, Florian - 2018 - Revised version
The aim of this paper is to study asset reallocation in financial markets subject to search, bargaining, and information frictions, and to analyze the impact of monetary policy on equilibrium outcomes. The main results show that private information regarding the quality of an asset impairs its...
Persistent link: https://www.econbiz.de/10011790391
Cover Image
Referral-based job search networks
Dustmann, Christian; Glitz, Albrecht; Schönberg, Uta; … - In: The review of economic studies 83 (2016) 2, pp. 514-546
Persistent link: https://www.econbiz.de/10011630839
Cover Image
Price customization and targeting in many-to-many matching markets
Gomes, Renato; Pavan, Alessandro - 2018
Recent technologies permit matching intermediaries to engage in unprecedented levels of targeting. Yet, regulators fear that the welfare gains of such targeting be hindered by the high degree of price customization practiced by matching intermediaries, whereby prices finely depend on the...
Persistent link: https://www.econbiz.de/10011796901
Cover Image
The Effects of Monetary Policy Shocks in Credit and Labor Markets with Search and Matching Frictions
Giuli, Francesco - 2012
By introducing search and matching frictions in both the labor and the credit markets into a cash in advance New Keynesian DSGE model, we provide a novel explanation of the incomplete pass-through from policy rates to loan rates. We show that this phenomenon is ineradicable if banks possess some...
Persistent link: https://www.econbiz.de/10013115220
Cover Image
An Estimated DSGE Model with Search and Matching Frictions in the Credit Market
Liberati, Danilo - 2015
Financial frictions have become fundamental for studying the business cycle and credit market dynamics. This work adds to the existing literature by introducing a search and matching scheme in the financial market into a cash in advance New Keynesian DSGE theoretical model. We provide an...
Persistent link: https://www.econbiz.de/10013027930
Cover Image
A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas; Salyer, … - 2013 - This Version: June 2013
A consistent empirical feature of bond yields is that term premia are, on average, positive. That is, investors in long term bonds receive higher returns than investors in similar (i.e.\ same default risk) shorter maturity bonds over the same holding period. The majority of theoretical...
Persistent link: https://www.econbiz.de/10009753184