Search and Matching in Macroeconomics
Tel Aviv University - Eitan Berglas School of Economics; CEP, LSE; Institute for the Study of Labor (IZA); Centre for Economic Policy Research (CEPR)
CEPR Discussion Paper No. 5459
This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to account for labour market dynamics and for cyclical fluctuations in aggregate economic activity.
Number of Pages in PDF File: 73
Keywords: Search, matching, macroeconomics, business cycles, worker flows, growth, policy
JEL Classification: E24, E32, E52, J23, J31, J41, J63, J64, J65working papers series
Date posted: April 27, 2006
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