the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary … ; Matching ; Sectoral Productivity Shock …

A large decline in the efficiency of the U.S. labor market in matching unemployed workers and vacant jobs has been … documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market … to study the propagation of matching efficiency shocks. We show that the transmission of these disturbances and their …

A large decline in the efficiency of the US labor market in matching unemployed workers and vacant jobs has been … documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market … to study the macroeconomic implications of matching efficiency shocks. We show that the propagation of these disturbances …