Instability and Indeterminacy in a Simple Search and Matching Model

We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations and do not rely upon a mechanism such as increasing returns

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Year of publication:	2016
Authors:	Krause, Michael
Other Persons:	Lubik, Thomas A. (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Matching \| Stabilität eines Gleichgewichts \| Stability of equilibrium \| Arbeitsuche \| Job search \| Konjunkturtheorie \| Business cycle theory \| Arbeitsmarktflexibilität \| Labour market flexibility

Extent:	1 Online-Ressource (36 p)
Series:	Bundesbank Series 1 Discussion Paper ; No. 2010,25
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2010 erstellt
Other identifiers:	10.2139/ssrn.2785389 [DOI]
Classification:	E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012991067