Adelaide Research & Scholarship
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https://hdl.handle.net/2440/104651
| Type: | Working paper |
| Title: | Instability and indeterminacy in a simple search and matching model |
| Author: | Krause, M. Lubik, T. |
| Citation: | Economic Quarterly, 2010; 96(3):259-272 |
| Publisher: | Federal Reserve Bank of Richmond |
| Issue Date: | 2010 |
| ISSN: | 1069-7225 2163-4556 |
| Statement of Responsibility: | Michael U. Krause and Thomas A. Lubik |
| Abstract: | We demonstrate the possibility of indeterminacy and nonexistence of equilibrium dynamics in a standard business cycle model with search and matching frictions in the labor market. Our results arise for empirically plausible parameterizations and do not rely on a mechanism such as increasing returns. |
| Keywords: | Labor market Business cycles |
| Rights: | © 2010 Federal Reserve Bank of Richmond |
| Published version: | https://www.richmondfed.org/publications/research/economic_quarterly/2010/q3/lubik |
| Appears in Collections: | Aurora harvest 3 Economics publications |
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