Arbeitspapier
Instability and indeterminacy in a simple search and matching model
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.
- ISBN
-
978-3-86558-667-4
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Paper Series 1 ; No. 2010,25
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
-
search and matching
indeterminacy
match elasticity
Konjunkturtheorie
Gleichgewichtsstabilität
Arbeitsmarktflexibilisierung
Arbeitsuche
Matching
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Krause, Michael
Lubik, Thomas A.
- Event
-
Veröffentlichung
- (who)
-
Deutsche Bundesbank
- (where)
-
Frankfurt a. M.
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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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
- Krause, Michael
- Lubik, Thomas A.
- Deutsche Bundesbank
Time of origin
- 2010
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