
Alessandra Pizzo- University of Chile
Alessandra Pizzo
- University of Chile
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Publications (3)
URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/documents-de-travail/
Why can Nominal Frictions Increase Unemployment Fluctuations ?
In this article we study the consequences of the presence of nominal frictions in a general equilibrium search and matching model. The presence of nominal frictions, in line with the New Keynesian framework, implies that in the short run firms choose to decrease labor, since demand does...
In this paper I shed light on the issues of the (low) volatilities of labor market variables implied by the search and matching model and the (high) values of the correlations between these variables and labor productivity. On the one hand, Shimer (2005) claims that “Not only there is little amplification, but there is also no propagation of the la...