Working Paper
Modeling Labor Markets in Macroeconomics: Search and Matching
Abstract: 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;
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Working Paper
Publication Date: 2014-12-15
Number: 14-19
Pages: 42 pages