Arbeitspapier
Search frictions on product and labor markets: money in the matching function
This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market, equilibrium unemployment is a U-shaped function of the ratio of total demand to total supply on this market. When prices are at their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is not efficient. Inflation is detrimental to unemployment.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 2718
- Classification
-
Wirtschaft
- Subject
-
Arbeitslosigkeit
Matching
Inflation
Gleichgewichtstheorie
Theorie der Arbeitslosigkeit
Arbeitsuche
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Lehmann, Etienne
van der Linden, Bruno
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2007
- Handle
- URN
-
urn:nbn:de:101:1-20080402563
- Last update
-
10.03.2025, 11:41 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
- Lehmann, Etienne
- van der Linden, Bruno
- Institute for the Study of Labor (IZA)
Time of origin
- 2007
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Search frictions on product and labor markets : money in the matching function
Frictions or deadlocks? Job polarization with search and matching frictions
Frictions or deadlocks? Job polarization with search and matching frictions
Search and matching frictions and business cycle fluctuations in Bulgaria
Reciprocity and matching frictions
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Existence of Steady-State Equilibria in Matching Models with Search Frictions
Inflation, trade frictions, and productive activity in a multiple-matching model of money
Search and matching frictions and business cycle fluctuations in Bulgaria: Technical Appendix
Regional Matching Frictions and Aggregate Unemployment
A Real-Business-Cycle model with search-and-matching frictions and efficiency ("fair") wages
Testing the importance of search frictions and matching through a randomized experiment in Jordan
Search frictions on product and labor markets : money in the matching function
Frictions or deadlocks? Job polarization with search and matching frictions
Frictions or deadlocks? Job polarization with search and matching frictions
Search and matching frictions and business cycle fluctuations in Bulgaria
Reciprocity and matching frictions
Reciprocity and matching frictions
Existence of Steady-State Equilibria in Matching Models with Search Frictions
Inflation, trade frictions, and productive activity in a multiple-matching model of money
Search and matching frictions and business cycle fluctuations in Bulgaria: Technical Appendix
Regional Matching Frictions and Aggregate Unemployment
A Real-Business-Cycle model with search-and-matching frictions and efficiency ("fair") wages