An estimated DSGE model with search and matching frictions in the credit market

2018 ◽  
Vol 11 (6) ◽  
pp. 567
Author(s):  
Danilo Liberati
Keyword(s):  
Credit Market ◽  
Search And Matching ◽  
Dsge Model ◽  
Matching Frictions ◽  
Search And Matching Frictions

IMMIGRATION AND UNEMPLOYMENT: A MACROECONOMIC APPROACH

2017 ◽  
Vol 23 (4) ◽  
pp. 1313-1339 ◽  
Author(s):  
Takehiro Kiguchi ◽  
Andrew Mountford
Keyword(s):  
Temporary Increase ◽  
Macroeconomic Model ◽  
Search And Matching ◽  
Matching Frictions ◽  
Search And Matching Frictions

This paper analyzes the effects of an unanticipated increase in immigration in a macroeconomic model with search and matching frictions. It shows how an immigration shock can lead to a temporary increase in unemployment under a variety of conditions and that this is qualitatively consistent with the responses from a VAR estimated on postwar US data.

scholarly journals Search Frictions, Efficiency Wages and Equilibrium Unemployment

2018 ◽  
Vol 10 (1) ◽  
pp. 45-54
Author(s):  
Chris Martin ◽  
Bingsong Wang
Keyword(s):  
Labour Market ◽  
Efficiency Wages ◽  
Efficiency Wage ◽  
Search And Matching ◽  
Search Frictions ◽  
Equilibrium Unemployment ◽  
Matching Frictions ◽  
Search And Matching Frictions ◽  
Standard Values

This paper explores the decomposition of equilibrium unemployment into involuntary and frictional components using a model that combines efficiency wages with search and matching frictions in the labour market. In deriving our results we generalise the celebrated Solow Condition, expressing the wage as the sum of a pure efficiency wage component and a component that reflects search frictions. Using standard values of calibrated parameters, we find that the bulk of unemployment is involuntary

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