Arbeitspapier
Matching Efficiency and Business Cycle Fluctuations
A large decline in the efficiency of the U.S. labor market in matching unemployed workers and vacant jobs has been documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market to study the propagation of matching efficiency shocks. We show that the transmission of these disturbances and their importance for business cycle fluctuations depend crucially on the form of hiring costs and on the presence of nominal rigidities.
- ISBN
-
978-82-7553-672-1
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2012/07
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Furlanetto, Francesco
Groshenny, Nicolas
- Event
-
Veröffentlichung
- (who)
-
Norges Bank
- (where)
-
Oslo
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Furlanetto, Francesco
- Groshenny, Nicolas
- Norges Bank
Time of origin
- 2012
Other Objects (12)
New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations
Geldschein, 1 Krone, 1917
Geldschein, 5 Kroner, 1945
Geldschein, 500 Kroner, 1901
Long-Term Market Outlook
Geldschein, 50 Kroner, 1940
Background Information, Annual Address 2012
Background Information, Annual Address 2010
Geldschein, 5 Kroner, 1948
Geldschein, 1 Speciedaler, 1870
Strategy Report - The Norwegian Government Pension Fund - Global
Geldschein, 2 Kroner, 1918
New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations
Geldschein, 1 Krone, 1917
Geldschein, 5 Kroner, 1945
Geldschein, 500 Kroner, 1901
Long-Term Market Outlook
Geldschein, 50 Kroner, 1940
Background Information, Annual Address 2012
Background Information, Annual Address 2010
Geldschein, 5 Kroner, 1948
Geldschein, 1 Speciedaler, 1870
Strategy Report - The Norwegian Government Pension Fund - Global
Geldschein, 2 Kroner, 1918
New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations
Geldschein, 1 Krone, 1917
Geldschein, 5 Kroner, 1945
Geldschein, 500 Kroner, 1901
Long-Term Market Outlook
Geldschein, 50 Kroner, 1940
Background Information, Annual Address 2012
Background Information, Annual Address 2010
Geldschein, 5 Kroner, 1948
Geldschein, 1 Speciedaler, 1870
Strategy Report - The Norwegian Government Pension Fund - Global