Arbeitspapier
A note on instability and indeterminacy in search and matching models
We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations and do not rely upon a mechanism such as increasing returns.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 518
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
Search and matching
indeterminacy
Suchtheorie
Arbeitsplatzsuchmodell
Konjunktur
Dynamisches Gleichgewicht
Gleichgewichtsstabilität
Theorie
Matching
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Krause, Michael U.
Lubik, Thomas A.
- Ereignis
-
Veröffentlichung
- (wer)
-
The Johns Hopkins University, Department of Economics
- (wo)
-
Baltimore, MD
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Krause, Michael U.
- Lubik, Thomas A.
- The Johns Hopkins University, Department of Economics
Entstanden
- 2004
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