Creator

• Cole, Harold Linh, 1957-
• Rogerson, Richard Donald

Series

• Staff report (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 224

Date created

• 1996-12

Abstract

• We examine whether the Mortensen-Pissarides matching model can account for the business cycle facts on employment, job creation, and job destruction. A novel feature of our analysis is its emphasis on the reduced-form implications of the matching model. Our main finding is that the model can account for the business cycle facts, but only if the average duration of a nonemployment spell is relatively high—about nine months or longer.

Related information

• Published in: International Economic Review (Vol. 40, No. 4, November 1999, pp. 933-959) https://doi.org/10.1111/1468-2354.00048.

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/sr.224

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Staff Reports

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