Krause, Michael (contributor); Lubik, Thomas A. (contributor) - 2007
quantitatively, we develop a standard
general equilibrium business cycle model with search frictions in the labor market. Search
on … argument, we present a general equilibrium business cycle model with
labor market frictions and search by employed and … exogenous interest rates and prices,
shutting down general equilibrium effects, which affect the dynamics of vacancies and unem …