Instability and indeterminacy in a simple search and matching model
Michael Krause () and
Thomas A. Lubik
Economic Quarterly, 2010, issue 3Q, 259-272
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 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.richmondfed.org/publications/research/e ... 010/q3/pdf/lubik.pdf (application/pdf)
Working Paper: Instability and indeterminacy in a simple search and matching model (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedreq:y:2010:i:3q:p:259-272:n:v.96no.3
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Economic Quarterly from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().