文章基本信息

标题：Instability and indeterminacy in a simple search and matching model
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作者：Krause, Michael ; Lubik, Thomas A.
期刊名称：Discussion Paper / Series 1, Economic Studies / Deutsche Bundesbank
出版年度：2010
出版社：Deutsche Bundesbank
摘要：We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations and do not rely upon a mechanism such as increasing returns. --
关键词：search and matching; indeterminacy; match elasticity;