Modeling Labor Markets in Macroeconomics: Search and Matching

Michael U. Krause, Thomas Lubik
2014 Social Science Research Network  
We present and discuss the simple search and matching model of the labor market against the background of developments in modern macroeconomics. We derive a simple representation of the model in a general equilibrium context and how the model can be used to analyze various policy issues in labor markets and monetary policy. JEL Classification: E24, E32, J23, J64
doi:10.2139/ssrn.2540135 fatcat:ueopk4il45dohc54vgpw3ppf24