distorting corporate investment and financing decisions, investor portfolio allocation decisions, fund manager skill assessments …

This paper analyzes the determinants of buyout funds' investment decisions. In a model in which the supply of capital … is quot;stickyquot; in the short run, we link the timing of funds' investment decisions, their risk-taking behavior, and …'s precise investment choices. Our empirical findings are consistent with the model. First, established funds accelerate their …

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …

We present a picture of the labor market, one with large flows of jobs and workers, and matching. We develop a … determination of wages. We estimate the matching function, using both aggregate data and data from manufacturing and find evidence … of a stable matching process in the data. We examine the joint movements in unemployment, vacancies and wages -the …

We set-up a real business cycle model with search and matching frictions driven by several shocks, which nests full …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger …

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …

facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed …