Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72033
Authors: 
Krause, Michael U.
Lubik, Thomas A.
Year of Publication: 
2004
Series/Report no.: 
Working Papers, The Johns Hopkins University, Department of Economics 518
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
JEL: 
E24
J64
Document Type: 
Working Paper

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