Unemployment and business cycles

LJ Christiano, MS Eichenbaum, M Trabandt - Econometrica, 2016 - Wiley Online Library
We develop and estimate a general equilibrium search and matching model that accounts
for key business cycle properties of macroeconomic aggregates, including labor market …

Land prices and unemployment

Z Liu, J Miao, T Zha - Journal of Monetary Economics, 2016 - Elsevier
We integrate the housing market and the labor market in a dynamic general equilibrium
model with credit and search frictions. We argue that the labor channel, combined with the …

Mismatch shocks and unemployment during the Great Recession

F Furlanetto, N Groshenny - Journal of Applied Econometrics, 2016 - Wiley Online Library
We investigate the macroeconomic consequences of fluctuations in the effectiveness of the
labor market matching process with a focus on the Great Recession. We conduct our …

The medium is the measure: Technical change and employment, 1909—1949

M Alexopoulos, J Cohen - Review of economics and statistics, 2016 - direct.mit.edu
New indicators, based on technology titles, are used to measure the impact of innovative
activity on the US labor market between 1909 and 1949. We find that positive technology …

Labor market dynamics: a time‐varying analysis

H Mumtaz, F Zanetti - Oxford Bulletin of Economics and …, 2015 - Wiley Online Library
This paper studies how key labour market stylized facts and the responses of labour market
variables to technology shocks vary over the US postwar period. It uses a benchmark …

The cyclical behavior of equilibrium unemployment and vacancies across OECD countries

PS Amaral, M Tasci - European Economic Review, 2016 - Elsevier
We show that the inability of a standardly calibrated labor search-and-matching model to
account for observed levels of labor market volatility extends beyond the US to a set of …

Land collateral and labor market dynamics in France

L Kaas, PA Pintus, S Ray - European Economic Review, 2016 - Elsevier
The value of land in the balance sheet of French firms correlates positively with their hiring
and investment flows. To explore the relationship between these variables, we develop a …

[CARTE][B] Labor productivity, effort and the euro area business cycle

V Lewis, S Villa, MH Wolters - 2019 - econstor.eu
The Euro Area is characterized by little variation in unemployment and strongly procyclical
labor productivity. We capture both characteristics in a New Keynesian business cycle …

The intensive margin puzzle and labor market adjustment costs

D Wesselbaum - Macroeconomic Dynamics, 2016 - cambridge.org
This paper documents a puzzling fact, namely that there is a significant negative relation
between employment protection legislation and the usage of the intensive margin of labor …

[PDF][PDF] The determinants of the cycles and trends in US unemployment

R Barnichon, A Figura - Unpublished manuscript, CREI, 2012 - Citeseer
This paper presents an accounting framework using CPS micro data and an aggregate
matching function to analyze the determinants of unemployment movements at all …