Download This PaperModeling Labor Markets in Macroeconomics: Search and Matching
42 Pages Posted: 20 Dec 2014
Date Written: December 18, 2014
Abstract
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
Suggested Citation: Suggested Citation
Krause, Michael U. and Lubik, Thomas, Modeling Labor Markets in Macroeconomics: Search and Matching (December 18, 2014). FRB Richmond Working Paper No. 14-19, Available at SSRN: https://ssrn.com/abstract=2540135 or http://dx.doi.org/10.2139/ssrn.2540135
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