scholarly journals Learning About Monetary Policy Rules When Labor Market Search and Matching Frictions Matter

2010 ◽  
Author(s):  
Willem Van Zandweghe ◽  
Takushi Kurozumi
Keyword(s):  
Monetary Policy ◽  
Labor Market ◽  
Search And Matching ◽  
Policy Rules ◽  
Monetary Policy Rules ◽  
Matching Frictions ◽  
Search And Matching Frictions ◽  
Market Search ◽  
Labor Market Search

Housing market and labor market search

2018 ◽  
Vol 19 (1) ◽  
Author(s):  
Christopher Limnios
Keyword(s):  
Labor Market ◽  
Real Estate ◽  
Housing Market ◽  
Empirical Relationship ◽  
Search And Matching ◽  
Search And Matching Frictions ◽  
Market Search ◽  
Empirical Regularities ◽  
Land Use Policies ◽  
Labor Market Search

Abstract Current models fail to concurrently account for several important empirical regularities in the housing and labor markets. I augment the Diamond-Mortensen-Pissarides (DMP) search and matching model of the labor market with a housing market characterized by search and matching frictions, integrating both markets in a coherent macroeconomic model. The model provides a framework to explain how shocks and frictions which originate in the labor market spill over into the housing market and vise versa. The model accounts for procyclical, serially correlated real estate values, rental rates and expected real estate appreciation. Further, it accounts for increases in wages, housing costs and willingness to commute as a result of increases in geographic amenities. The model is also consistent with the empirical relationship between vacancy rates in the housing market and separation rates in the labor market. Simulations demonstrate that certain land-use policies can mitigate permanent shocks to labor productivity and the level of geographic amenities.

scholarly journals Dynamics of the Planning Solution in the Textbook Model of Labor Market Search and Matching

2003 ◽  
Author(s):  
Helle Bunzel ◽  
Joydeep Bhattacharya
Keyword(s):  
Labor Market ◽  
Search And Matching ◽  
Market Search ◽  
Labor Market Search
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