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1by Nicolas Petrosky-Nadeau Etienne Wasmer Published in American economic journal. Macroeconomics (01.01.2013)“...We provide a dynamic extension of an economy with search on credit and labor markets (Wasmer and Weil 2004). Financial frictions create volatility. They add an...”
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2by Petrosky-Nadeau, Nicolas Published in Review of economic dynamics (01.04.2014)“...Propagation in equilibrium models of search unemployment is altered when vacancy costs require some external financing on frictional credit markets. The easing...”
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3“...Goods market frictions drastically change the dynamics of the labor market, both in terms of persistence and volatility. In a model with three imperfect...”
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4by Nicolas Petrosky-Nadeau Lu Zhang Lars-Alexander Kuehn Published in The American economic review (01.08.2018)“...Market economies are intrinsically unstable. The standard search model of equilibrium unemployment, once solved accurately with a globally nonlinear algorithm,...”
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5by Petrosky-Nadeau, Nicolas Published in Journal of economic theory (01.05.2013)“...The financial crisis of 2008 was followed by sharp contractions in aggregate output and employment and an unusual increase in aggregate total factor...”
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6by Branch, William A Petrosky-Nadeau, Nicolas Rocheteau, Guillaume Published in Journal of economic theory (01.07.2016)“...We develop a two-sector search-matching model of the labor market with imperfect mobility of workers, augmented to incorporate a housing market and a...”
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7“...An accurate global projection algorithm is critical for quantifying the basic moments of the Diamond–Mortensen–Pissarides model. Log linearization understates...”
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8by Petrosky-Nadeau, Nicolas Wasmer, Etienne Zeng, Shutian Published in Economics letters (01.06.2016)“...There is a renewed interest in macroeconomic theories of search frictions in the goods market that help solve quantitative puzzles on amplification and...”
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9“...The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to the virus response and possible paths...”
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10by Buckman, Shelby R Glick, Reuven Lansing, Kevin J Petrosky-Nadeau, Nicolas Seitelman, Lily M Published in Infectious disease modelling (2020)“...We demonstrate a methodology for replicating and projecting the path of COVID-19 using a simple epidemiology model. We fit the model to daily data on the...”
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11“...•Historical U.S. monthly time series of unemployment rates, vacancy rates, and labor productivity, some of which date back to January 1890, are compiled.•A...”
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14“...This book offers an integrated framework to study the theoretical and quantitative properties of economies with frictions in multiple markets. Building on...”
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15“...This book offers an integrated framework to study the theoretical and quantitative properties of economies with frictions in multiple markets. Building on...”
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16by Brzustowski, Thomas Petrosky-Nadeau, Nicolas Wasmer, Etienne Published in Labour economics (01.03.2018)“...We build a flexible model with search frictions in three markets: credit, labor, and goods markets. We then apply this model (called CLG) to three different...”
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17“...A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can potentially explain the large unemployment...”
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18“...Search frictions in the labor market help explain the equity premium in the financial market. We embed the Diamond-Mortensen-Pissarides search framework into a...”
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