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Federal Reserve Bank of Richmond
Working Paper
Modeling Labor Markets in Macroeconomics: Search and Matching
Thomas A. Lubik
Michael U. Krause
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.


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Thomas A. Lubik & Michael U. Krause, Modeling Labor Markets in Macroeconomics: Search and Matching, Federal Reserve Bank of Richmond, Working Paper 14-19, 15 Dec 2014.
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