SEARCH FRICTIONS ON PRODUCT AND LABOR MARKETS: MONEY IN THE MATCHING FUNCTION

被引：6
|
作者：
Lehmann, Etienne [1 ]
Van Der Linden, Bruno [2 ]
机构：
[1] CREST, Lab Macroecon Timbre J360, INSEE, F-92245 Malakoff, France
[2] Univ Catholique Louvain, IRES, B-1348 Louvain, Belgium
来源：
MACROECONOMIC DYNAMICS | 2010年 / 14卷 / 01期
关键词：
Equilibrium Unemployment; Matching; Inflation; Demand Constraints; Competitive Search Equilibrium; CONSUMER SEARCH; EQUILIBRIUM; MODEL; UNEMPLOYMENT; EFFICIENCY; INFLATION; CREDIT; POLICY; COSTS; DEPTH;
D O I：
10.1017/S1365100509080316
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper builds a macroeconomic model of equilibrium unemployment. in which firms persistently face difficulties in selling their production, and this affects their decisions to create jobs. We show that the competitive search equilibrium is not efficient and that inflation is detrimental to unemployment.
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页码：56 / 92
页数：37
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