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Financial disruptions and the cyclical upgrading of labor

Epstein, Brendan; Finkelstein Shapiro, Alan; Gómez, … - In: Review of economic dynamics 26 (2017), pp. 204-224

Persistent link: https://www.econbiz.de/10011847240

Uncertainty shocks are aggregate demand shocks

Leduc, Sylvain; Liu, Zheng - In: Journal of monetary economics 82 (2016), pp. 20-35

Persistent link: https://www.econbiz.de/10011709473

Anticipated productivity and the labor market

Chahrour, Ryan; Chugh, Sanjay K.; Potter, Tristan - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 897-934

We identify the main shock driving fluctuations in long‐horizon productivity expectations, consistent with theories of … TFP news. The identified shock induces strong comovement patterns in output, consumption, investment, employment, and … news shock. The model also matches the empirical patterns of vacancies, labor force participation, hours, and job …

Persistent link: https://www.econbiz.de/10014362540

Macroeconomic dynamics in a model of goods, labor and credit market frictions

Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2011

; matching ; business cycle ; goods market imperfection …

Persistent link: https://www.econbiz.de/10009307979

Efficient mismatch

Arseneau, David M.; Epstein, Brendan - 2018

This paper presents a model in which mismatch employment arises in a constrained efficient equilibrium. In the decentralized economy, however, mismatch gives rise to a congestion externality whereby heterogeneous job seekers fail to internalize how their individual actions affect the labor...

Persistent link: https://www.econbiz.de/10011932219

Learning on the job and the cost of business cycles

Walentin, Karl; Westermark, Andreas - 2018 - Revised June 2018

vacancies implies, via the concavity of the matching function, that business cycles reduce the average number of new jobs and …

Persistent link: https://www.econbiz.de/10011817364

Why is old workers' labor market more volatile? : unemployment fluctuations over the life-cycle

Hairault, Jean-Olivier; Langot, François; Sopraseuth, … - 2014

Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...

Persistent link: https://www.econbiz.de/10010339640

Comment on Long and Plosser meet Bewley and Lucas

Khan, Aubhik - In: Journal of monetary economics 102 (2019), pp. 93-95

Persistent link: https://www.econbiz.de/10012264884

Learning from house prices : amplification and business fluctuations

Chahrour, Ryan; Gaballo, Gaetano - In: The review of economic studies : RES 88 (2021) 4, pp. 1720-1759

Persistent link: https://www.econbiz.de/10012595371

Learning from house prices : amplification and business fluctuations

Gaballo, Gaetano; Chahrour, Ryan - 2019

Persistent link: https://www.econbiz.de/10012206570