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The cyclical behavior of equilibrium unemployment and vacancies revisited
Hagedorn, Marcus; Manovskii, Iourii - 2008
Recently, a number of authors have argued that the standard search model cannot generate the observed business …-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …
Persistent link: https://www.econbiz.de/10011604899
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What’s going on behind the euro area Beveridge curve(s)?
Bonthuis, Boele; Jarvis, Valerie; Vanhala, Juuso - 2013
This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the Great Recession. The recent crisis has had a heterogeneous impact on euro area labour markets, leading to significant employment losses, especially in some sectors. The extent to...
Persistent link: https://www.econbiz.de/10011605631
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What’s Going on Behind the Euro Area Beveridge Curve(s)?
Bonthuis, Boele - 2013
This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the Great Recession. The recent crisis has had a heterogeneous impact on euro area labour markets, leading to significant employment losses, especially in some sectors. The extent to...
Persistent link: https://www.econbiz.de/10013077231
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Real Price and Wage Rigidities in a Model with Matching Frictions
Küster, Keith - 2021
This paper incorporates search and matching frictions in the labor market into a New Keynesian model. In contrast to … which induce smooth inflation also dampen the adjustment of wages in response to shocks. In the search and matching … the literature, the labor market activity takes place in the (Calvo-staggered) price-setting sector. Matching frictions …
Persistent link: https://www.econbiz.de/10013317251
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Real price and wage rigidities in a model with matching frictions
Kuester, Keith - 2007
This paper incorporates search and matching frictions in the labor market into a New Keynesian model. In contrast to … which induce smooth inflation also dampen the adjustment of wages in response to shocks. In the search and matching … the literature, the labor market activity takes place in the (Calvo-staggered) price-setting sector. Matching frictions …
Persistent link: https://www.econbiz.de/10011604766
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Cyclical and structural variation in resource allocation: Evidence for Europe
Bartelsman, Eric Jan; López-García, Paloma; … - 2018
This paper uses cross-country micro-aggregated data on firm dynamics and productivity from the ECB CompNet database to provide empirical evidence on factor reallocation in the European Union (EU). The analysis finds that reallocation is towards more productive firms although the magnitude varies...
Persistent link: https://www.econbiz.de/10012142054
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Cyclical and Structural Variation in Resource Allocation : Evidence for Europe
Bartelsman, Eric J.; López-García, Paloma; … - 2021
This paper uses cross-country micro-aggregated data on firm dynamics and productivity from the ECB CompNet database to provide empirical evidence on factor reallocation in the European Union (EU). The analysis finds that reallocation is towards more productive firms although the magnitude varies...
Persistent link: https://www.econbiz.de/10013315373
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The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
Hagedorn, Marcus; Manovskii, Iourii - 2021
Recently, a number of authors have argued that the standard search model cannot generate the observed business …-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …
Persistent link: https://www.econbiz.de/10013316636
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A single monetary policy for heterogeneous labour markets: The case of the euro area
Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that …
Persistent link: https://www.econbiz.de/10014374420
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When does lumpy factor adjustment matter for aggregate dynamics?
Fahr, Stephan; Yao, Fang - 2009
We analyze the dynamic effects of lumpy factor adjustments at the firm level onto the aggregate economy. We find that distinguishing between capital and labour as lumpy factors within the production function result in very dfferent dynamics for aggregate output, investment and labour in an...
Persistent link: https://www.econbiz.de/10011605062