volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross … proposed in Hagedorn and Manovskii (2008) continues to deliver counterfactually low volatility in countries where labor … enough volatility depends on vacancy-filling rate levels that seem counterfactual outside the U.S. …

The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding …

comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …

large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates. …

vacancies on the other hand, which is observationally equivalent to a constant returns Cobb-Douglas function commonly used to …

rates for Colombia for the period 1976 - 2012. The result is the first dataset capturing the evolution of vacancies for … between vacancies and unemployment with a structural change-an outward shift-around 1986. …

relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different … shock leads to more vacancy posting, a shift of the idiosyncratic selection cutoff and thereby more hiring. We calibrate a …