This paper provides an explanation for the nature of the real effects of denomination structure using parameterized versions of a search-based model. We show that the carrying cost of money incurs the distortionary effect on output and the adverse distributional effect on welfare. With monetary...

Our paper presents new estimates of matching functions on partial labor markets. We used extensive data, ranging from 1982 to 2003, which results in new insights, extending the knowledge obtained by former empirical studies. We also used the extended time series data to validate model...

Le recrutement des jeunes enseignants chercheurs en France se fait de manière centralisée Le ministère calcule les affectations en fonction des listes de classements soumis par les comités de sélection et des listes de vœux soumis par les candidats. Les enjeux stratégiques du recrutement...

Contrary to most countries, the recruitment of assistant professors in France is centralized: recruitment committees submit a ranking of candidates to the Ministry of Education, the candidates submit their own ranking over the faculties that rank them and the Ministry compute the final match...

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,...