The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …

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 …

. Kernel-based matching and radius matching with bias adjustment estimators combined with difference-in-differences are applied …