Search Results - subject:"Search and matching"

The Effect of Labor and Financial Frictions on Aggregate Fluctuations

Zanetti, Francesco; Mumtaz, Haroon - Department of Economics, Oxford University - 2013

This paper embeds labor market search frictions into a New Keynesian model with financial frictions as in Bernanke, Gertler and Gilchrist (1999). The econometric estimation establishes that labor market frictions substantially improve the empirical fit of the model. The effect of the...

Persistent link: https://www.econbiz.de/10011004364

Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions

Němec, Daniel - In: Czech Economic Review 7 (2013) 1, pp. 021-041

This contribution reveals some structural properties of the Czech and Slovak labour markets. A search and matching … implemented: wage bargaining mechanism and “search and matching” process matching workers and firms. The results show that the … search and matching aspect provides satisfactory description of employment flows in both economies, and that the …

Persistent link: https://www.econbiz.de/10010676153

Estimating a Search and Matching Model of the Ag-gregate Labor Market in Japan

Lin, Ching-Yang; Miyamoto, Hiroaki - Graduate School of International Relations, … - 2013

This paper studies how well a simple search and matching model can describe aggregate Japanese labor market dynamics in … a full information setting. We develop a discrete-time search and matching model with a convex vacancy posting cost and …

Persistent link: https://www.econbiz.de/10010681135

On the Functional Form of the Hedonic Price Function: A Matching-theoretic Model and Empirical Evidence

Lisi, Gaetano - In: International Real Estate Review 16 (2013) 2, pp. 190-208

The key issue in the hedonic price theory is that although the literature emphasises intrinsic nonlinearity in the relationship between house prices and housing characteristics, very little theoretical guidance is provided with regards to a more appropriate mathematical specification for the...

Persistent link: https://www.econbiz.de/10010640579

On the Functional Form of the Hedonic Price Function: A Matching-theoretic Model and Empirical Evidence

Lisi, Gaetano - In: International Real Estate Review 16 (2013) 2, pp. 189-207

Persistent link: https://www.econbiz.de/10010661501

Firm Entry, Endogenous Markups and the Dynamics of the Labor Share of Income

Colciago, Andrea; Rossi, Lorenza - de Nederlandsche Bank - 2013

Recent U.S. evidence suggests that the response of labor share to a productivity shock is characterized by countercyclicality and overshooting. These findings cannot be easily reconciled with existing business cycle models. We extend the Diamond-Mortensen-Pissarides model of search in the labor...

Persistent link: https://www.econbiz.de/10010603701

Fiscal Stimulus in an Endogenous Job Separation Model

Kato, Ryuta Ray; Miyamoto, Hiroaki - Graduate School of International Relations, … - 2013

This paper re-visits effects of fiscal expansion on employment and unemployment by focusing on both hiring and firing margins. We develop a dynamic stochastic general equilibrium model with labor search frictions in which job separation is endogenously determined. We study effects of fiscal...

Persistent link: https://www.econbiz.de/10010604066

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10009763124

Mismatch shocks and unemployment during the Great Recession

Furlanetto, Francesco; Groshenny, Nicolas - 2013

Persistent link: https://www.econbiz.de/10009764589

The German labour market reforms in a European context : a DSGE analysis

Fries, Claudia; Seymen, Atılım - 2013

While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have successfully contributed to the decline of the unemployment rate, critics claim that the reforms led to wage restraint and consequently consumption dampening accompanied by...

Persistent link: https://www.econbiz.de/10010204043