sticky prices and equilibrium search unemployment that features a shock to the matching efficiency (or mismatch shock). We … find that this shock is almost irrelevant for unemployment fluctuations in normal times. However, it plays a somewhat … larger role during the Great Recession when it contributes to raise the actual unemployment rate by 1.25 percentage points …

sticky prices and equilibrium search unemployment that features a shock to the matching efficiency (or mismatch shock). We … find that this shock is not important for unemployment fluctuations in normal times. However, it plays a somewhat larger … role during the Great Recession when it contributes to raise the actual unemployment rate by around 1.3 percentage points …

sticky prices and equilibrium search unemployment that features a shock to the matching efficiency (or mismatch shock). We … find that this shock is almost irrelevant for unemployment fluctuations in normal times. However, it plays a somewhat … larger role during the Great Recession when it contributes to raise the actual unemployment rate by 1.25 percentage points …

sticky prices and equilibrium search unemployment that features a shock to the matching efficiency (or mismatch shock). We … find that this shock is almost irrelevant for unemployment fluctuations in normal times. However, it plays a somewhat … larger role during the Great Recession when it contributes to raise the actual unemployment rate by 1.25 percentage points …