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Please use this identifier to cite or link to this item: https://hdl.handle.net/2440/104651
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dc.contributor.authorKrause, M.-
dc.contributor.authorLubik, T.-
dc.date.issued2010-
dc.identifier.citationEconomic Quarterly, 2010; 96(3):259-272-
dc.identifier.issn1069-7225-
dc.identifier.issn2163-4556-
dc.identifier.urihttp://hdl.handle.net/2440/104651-
dc.description.abstractWe 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.-
dc.description.statementofresponsibilityMichael U. Krause and Thomas A. Lubik-
dc.language.isoen-
dc.publisherFederal Reserve Bank of Richmond-
dc.rights© 2010 Federal Reserve Bank of Richmond-
dc.source.urihttps://www.richmondfed.org/publications/research/economic_quarterly/2010/q3/lubik-
dc.subjectLabor market-
dc.subjectBusiness cycles-
dc.titleInstability and indeterminacy in a simple search and matching model-
dc.typeWorking paper-
pubs.publication-statusPublished-
Appears in Collections:Aurora harvest 3
Economics publications

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