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A Note on Instability and Indeterminacy in Search and Matching Models Author info | Abstract | Publisher info | Download info | Related research | Statistics Thomas Lubik
Michael Krause
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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.
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Paper provided by The Johns Hopkins University,Department of Economics in its series Economics Working Paper Archive with number
518.
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Date of creation: Nov 2004Date of revision:
Handle: RePEc:jhu:papers:518Contact details of provider: Postal: 3400 North Charles Street Baltimore, MD 21218 Phone: 410-516-7601 Fax: 410-516-7600 Web page: http://www.econ.jhu.edu More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Wouter J. den Haan & Garey Ramey & Joel Watson, 2000.
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Other versions:
Wouter J. den Haan & Garey Ramey & Joel Watson, 1997.
"Job Destruction and Propagation of Shocks ,"
NBER Working Papers
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"Job Destruction and Propagation of Shocks ,"
University of California at San Diego, Economics Working Paper Series
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"FORTRAN code for Job Destruction and Propagation of Shocks ,"
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German Economic Review ,
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Other versions:
M. Burda & M. Weder, .
"Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Propagation of Business Cycles ,"
Sonderforschungsbereich 373
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[Downloadable!] Merz, Monika, 1995.
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American Economic Review ,
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Cheron, Arnaud & Langot, Francois, 2000.
"The Phillips and Beveridge curves revisited ,"
Economics Letters ,
Elsevier, vol. 69(3), pages 371-376, December.
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"Equilibrium unemployment, job flows and inflation dynamics ,"
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304, European Central Bank.
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Other versions: Cooley, Thomas F. & Quadrini, Vincenzo, 1999.
"A neoclassical model of the Phillips curve relation ,"
Journal of Monetary Economics ,
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Krause, M.U. & Lubik, T.A., 2004.
"On-the-job search and the cyclical dynamics of the labor market ,"
Discussion Paper
92, Tilburg University, Center for Economic Research.
[Downloadable!]
Other versions:
Krause, Michael & Lubik, Thomas A., 2007.
"On-the-job search and the cyclical dynamics of the labor market ,"
Discussion Paper Series 1: Economic Studies
2007,15, Deutsche Bundesbank, Research Centre.
[Downloadable!] Michael U. Krause & Thomas A. Lubik, 2007.
"On-the-job search and the cyclical dynamics of the labor market ,"
Working Paper Series
779, European Central Bank.
[Downloadable!] Thomas Lubik & Michael Krause, 2004.
"On-the-Job Search and the Cyclical Dynamics of the Labor Market ,"
Economics Working Paper Archive
513, The Johns Hopkins University,Department of Economics.
[Downloadable!] Thomas A. Lubik & Michael U. Krause, 2005.
"On-the-job Search and the Cyclical Dynamics of the Labor Market ,"
2005 Meeting Papers
792, Society for Economic Dynamics.
[Downloadable!] Michael U. Krause & Thomas A. Lubik, 2006.
"On-the-Job Search and the Cyclical Dynamics of the Labor Market ,"
Computing in Economics and Finance 2006
455, Society for Computational Economics.
Nicola Giammarioli, 2003.
"Indeterminacy and search theory ,"
Working Paper Series
271, European Central Bank.
[Downloadable!]
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Takushi Kurozumi & Willem Van Zandweghe, 2008.
"Labor market search and interest rate policy ,"
Research Working Paper
RWP 08-03, Federal Reserve Bank of Kansas City.
[Downloadable!]
Ester Faia, 2007.
"Ramsey monetary policy with labour market frictions ,"
Working Paper Series
707, European Central Bank.
[Downloadable!]
Other versions: Ester Faia, 2006.
"Optimal monetary policy rules with labor market frictions ,"
Working Paper Series
698, European Central Bank.
[Downloadable!]
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