Modeling Labor Markets in Macroeconomics: Search and Matching
42 Pages Posted: 20 Dec 2014
Date Written: December 18, 2014
We present and discuss the simple search and matching model of the labor market against the background of developments in modern macroeconomics. We derive a simple representation of the model in a general equilibrium context and how the model can be used to analyze various policy issues in labormarkets and monetary policy.
Keywords: Unemployment, vacancies, Beveridge curve, labor market reforms, monetary policy
JEL Classification: E24, E32, J23, J64
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