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Showing 1 to 1 of 1 for “"Keynesian economics--Mathematical models"”.
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The Search and Matching Model: Challenges and Solutions
… from 1955-2005. The first chapter proposes a New Keynesian model with search and matching frictions in the labor market that can account for the cyclicality and persistence of vacancies, unemployment, job creation, inflation and the real wage, after a monetary shock. Motivated by evidence from …