Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130547
Authors: 
Wesselbaum, Dennis
Year of Publication: 
2010
Series/Report no.: 
Kiel Working Paper 1585 [rev.]
Abstract: 
Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve (i.e. the negative correlation between unemployment and vacancies) and business cycle statistics jointly. This paper builds upon the sectoral shock literature and combines its insights with the standard endogenous separation matching approach. We show that sectoral shocks can generate an aggregate Beveridge curve and perform reasonably well in explaining business cycle facts, especially compared to the one-sector baseline model.
Subjects: 
Beveridge Curve
Endogenous Separations
Sectoral Productivity Shock
JEL: 
E24
E32
J64
Document Type: 
Working Paper

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