Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210006
Authors: 
Furlanetto, Francesco
Groshenny, Nicolas
Year of Publication: 
2012
Series/Report no.: 
Working Paper 2012/07
Abstract: 
A large decline in the efficiency of the U.S. labor market in matching unemployed workers and vacant jobs has been documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market to study the propagation of matching efficiency shocks. We show that the transmission of these disturbances and their importance for business cycle fluctuations depend crucially on the form of hiring costs and on the presence of nominal rigidities.
Persistent Identifier of the first edition: 
ISBN: 
978-82-7553-672-1
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.no
Document Type: 
Working Paper
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