unemployment. Results confirm that the hiring process is driven by stock-flow matching rather than by traditional matching function … Keywords: stock-flow matching, augmented matching function, labour market policy, training …

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 …