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

the matching-function approach) that are common in search-based models of financial markets, monetary theory, and labor … mutation, random matching with match-induced type changes, and with the potential for enduring partnerships that may have …

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 …

We set-up a real business cycle model with search and matching frictions driven by several shocks, which nests full … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger …

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

We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …