Business Cycles and Labor Market Flows with Sequential Screening

No 571, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: We build a business cycle model where employers' screening of heterogeneous workers plays a central role in determining both the flows into and out of unemployment. The model can address how differences between the US and European labor market flows affect business cycle dynamics. It provides a novel and rich environment to study the implications of labor market structure for the goals and constraints faced by central banks and on the optimal design of monetary policy.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed010:571

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