Showing 1 - 10 of 16,776
Persistent link: https://www.econbiz.de/10012129613
Persistent link: https://www.econbiz.de/10012164142
We identify the main shock driving fluctuations in long‐horizon productivity expectations, consistent with theories of … TFP news. The identified shock induces strong comovement patterns in output, consumption, investment, employment, and … news shock. The model also matches the empirical patterns of vacancies, labor force participation, hours, and job …
Persistent link: https://www.econbiz.de/10014362540
Persistent link: https://www.econbiz.de/10011503237
Persistent link: https://www.econbiz.de/10010474336
Persistent link: https://www.econbiz.de/10010340465
The search and matching model of the labor market has become the workhorse for analyzing unemployment dynamics and the … business cycle transmission mechanism. However, many quantitative studies of the search and matching framework argue that it is … and matching framework using Bayesian methods. I show that the model has extremely weak internal propagation and that …
Persistent link: https://www.econbiz.de/10013096609
Persistent link: https://www.econbiz.de/10012626225
Persistent link: https://www.econbiz.de/10012172479
Persistent link: https://www.econbiz.de/10013448724