substantially to its underlying theoretical framework - the aggregate matching function - for analysing macroeconomic frictions … aggregate matching function). Figures 5 and 6 highlighted the fact that the labour market is characterised by stocks (such … contemporary approach based on the hiring or matching function. Adapting their approaches slightly, and following the usual …

unemployment. Results suggest that the hiring process is driven by a stock-flow rather than by a traditional matching function: the …

This paper is, firstly, a reappraisal of the matching function, arguing that the proper specification of the relation …

summarized by an aggregate matching function relating the number of job matches to total unemployment and total vacancies. Most … research on the matching function cannot be carried out because data on vacancies are simply not available. This paper looks at …

matching function. One can easily choose a calibration to make the cyclical fluctuation in unemployment as large in the model …

from 1999 to 2003. The empirical model relies on a dynamic version of a matching function augmented by ALMP. In order to …

This paper theoretically and empirically documents a puzzle that arises when an RBC economy with a job matching … function is used to model unemployment. The standard model can generate sufficiently large cyclical fluctuations in …

While the matching function relates hirings (H) to vacancies (V) and unemployment, the duration function relates the … the matching function but easier to interpret. Therefore, this paper focuses on the microfoundations of the duration …