Instability and Indeterminacy in a Simple Search and Matching Model

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

Year of publication:	2012
Authors:	Krause, Michael
Other Persons:	Lubik, Thomas A. (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Matching \| Stabilität eines Gleichgewichts \| Stability of equilibrium \| Arbeitsuche \| Job search \| Konjunkturtheorie \| Business cycle theory \| Arbeitsmarktflexibilität \| Labour market flexibility

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