Publication
Mar 2009
This paper examines to what extent the standard search-and-matching labor market model can replicate the business cycle fluctuations of the job finding rate and the unemployment rate. In the model, fluctuations are prominently driven by productivity shocks which are commonly interpreted as technology shocks. The author estimates different types of technology shocks from structural VARs and reassesses the empirical performance of the standard model based on second moments that are conditional on technology shocks.
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English (PDF, 49 pages, 561 KB) |
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Author | Almut Balleer |
Series | Kiel Institute Working Papers |
Issue | 1500 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |