Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168080
Authors: 
Föll, Tobias
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Labor Search G05-V1
Abstract: 
This paper studies the effects of combining financial frictions with wage rigidity in a search and matching framework. The model is able to match three empirical observations that existing search and matching models struggle to explain jointly: the cyclical component of the unemployment rate is positively skewed, the number of hires tends to increase in recessions, and the correlation between vacancies and unemployment is highly negative.
JEL: 
E24
E27
E32
E44
J63
J64
Document Type: 
Conference Paper

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