Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43864
Authors: 
Krause, Michael
Lubik, Thomas A.
Year of Publication: 
2010
Series/Report no.: 
Discussion Paper Series 1: Economic Studies 2010,25
Abstract: 
We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations and do not rely upon a mechanism such as increasing returns.
Subjects: 
search and matching
indeterminacy
match elasticity
JEL: 
E24
E32
J64
ISBN: 
978-3-86558-667-4
Document Type: 
Working Paper

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