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Showing 1 to 6 of 6 for “"Search and Matching Frictions"”.
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ESSAYS ON MONETARY POLICY
… validated business cycle model of Smets and Wouters under commitment and discretion. Once the preferences do not coincide with each other, discretionary policies that target the price-level or the change in the output gap outperform the standard loss function. Chapter 2 investigates …
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Labour Market Policies and Unemployment in the Presence of Search & Matching Frictions
… to the response of unemployment to shocks and the role of active and passive labour market policies. Throughout the thesis, unemployment is assumed to evolve as a result of the uncoordinated nature of the labour market along the lines outlined in the Diamond-Mortensen-Pissarides equilibrium …
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Essays in macroeconomics and unemployment
Conventional DSGE models that include labor search-and-matching frictions assume that only unemployed workers are job seekers. Without taking the behavior of employed job seekers into account, these standard models overestimate the true magnitude of fluctuations in the entire population of job …
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Essays on Financial and Labor Markets with Frictions
… chapters, is devoted to exploring financial and labor markets with frictions.</p><p>Chapter I: Unemployment and Capital Misallocation. The recent recession was associated not only with a marked disruption in the credit market, but also a sharp deterioration in labor market conditions, as …
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The Search and Matching Model: Challenges and Solutions
… of unemployment, job vacancies, job creation and market tightness in the US economy. The framework used to model unemployment and job creation throughout this work, is the search and matching model, created by Mortensen and Pissarides (1994). This dissertation proposes three different …
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Essays in Macroeconomics and Heterogeneity
… addressing two separate but equally prominent research areas in macroeconomics. The first two chapters focus on the effects of firm heterogeneity and firm dynamics on macroeconomic outcomes, particularly how the transmission of macroeconomic shocks is impacted by strategic behaviour and the …