Labour Market Imperfections, "Divine Coincidence" and Volatility of Employment and Inflation

The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state as well as involuntary fluctuations in unemployment. The existence of hiring frictions introduces externalities that, in turn, entail the breakdown of the “divine coi...

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Bibliographic details
Volume: 3
Main Author: Abbritti, Mirko
Damiani, Mirella
Boitani, Andrea
Format: Journal Article
Language: English
Place of publication: Università di Perugia, Dipartimento Economia, Finanza e Statistica 2012
published in: Review of economics and institutions Vol. 3; no. 2
Data of publication: 2012
ISSN: 2038-1379
2038-1379
EISSN: 2038-1379
Discipline: Economics
Series: Review of Economics and Institutions
Subjects:
Online Access: Fulltext
Database: RePEc
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