Matching Efficiency and Business Cycle Fluctuations

dc.contributor.author	Furlanetto, Francesco
dc.contributor.author	Groshenny, Nicolas
dc.date.accessioned	2018-05-02T13:54:29Z
dc.date.available	2018-05-02T13:54:29Z
dc.date.issued	2012
dc.identifier.isbn	978-82-7553-672-1
dc.identifier.issn	1502-8143
dc.identifier.uri	http://hdl.handle.net/11250/2496832
dc.description.abstract	A large decline in the efficiency of the U.S. labor market in matching unemployed workers and vacant jobs has been documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market to study the propagation of matching efficiency shocks. We show that the transmission of these disturbances and their importance for business cycle fluctuations depend crucially on the form of hiring costs and on the presence of nominal rigidities.	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	Norges Bank	nb_NO
dc.relation.ispartofseries	Working Papers;7/2012
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no	*
dc.title	Matching Efficiency and Business Cycle Fluctuations	nb_NO
dc.type	Working paper	nb_NO
dc.description.version	publishedVersion	nb_NO
dc.subject.nsi	VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212	nb_NO
dc.source.pagenumber	34	nb_NO

Med mindre annet er angitt, så er denne innførselen lisensiert som Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal