Although New Keynesian models with labor market frictions found an increase in unemployment and a decrease in labor … volatilities of unemployment and labor market tightness are not as high as their empirical counterparts. This calls for the … volatility of unemployment and labor market tightness in response to a positive technology shock compared to the model without on …

results show that the loss in the efficiency of matching in the labor market combined with an increase in the demand in the …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This …