“...Gali, Gertler, and Lopez-Salido (2007) recently show quantitatively that fluctuations in the efficiency of resource allocation do not generate sizable welfare...”

“...We investigate the welfare cost of business cycles implied by matching frictions. First, using the reduced-form of the matching model, we show that job finding...”

“...We investigate the welfare cost of business cycles implied by matching frictions. First, using the reduced-form of the matching model, we show that job finding...”

“...Gali et al. (2007) have recently shown in a quantitative way that inefficient fluctuations in the allocation of resources do not generate sizable welfare...”

“...International audience; We investigate the welfare cost of business cycles implied by matching frictions. First, using the reduced-form of the matching model,...”

“...In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market,...”

“...International audience; Gali et al. (2007) have recently shown quantitatively that fluctuations in the efficiency of resource allocation do not generate...”

“...International audience; Gali et al. (2007) have recently shown quantitatively that fluctuations in the efficiency of resource allocation do not generate...”

“...International audience; We investigate the welfare cost of business cycles implied by matching frictions. First, using the reduced-form of the matching model,...”

“...URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/CESFramDP2010; Documents de travail du Centre d'Economie de la Sorbonne 2010.43 - ISSN :...”