Modeling Labor Markets in Macroeconomics: Search and Matching
Posted: 14 Jul 2021
Date Written: December, 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 labor markets and 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, 2014). FRB Richmond Working Paper No. 14-19, Available at SSRN: https://ssrn.com/abstract=3886221
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