We develop and estimate a general equilibrium search and matching model that accounts
for key business cycle properties of macroeconomic aggregates, including labor market …

Which are the main frictions and the driving forces of business cycle dynamics in an open
economy? To answer this question we extend the standard new Keynesian model in three …

This paper assesses the 2007–2009 recession using neoclassical business cycle theory. I
find that the 2007–2009 US recession differs substantially from other postwar US …

An equilibrium search model of the labor market is combined with a social network. The key
features are that the workers' network transmits information about jobs and that wages and …

This paper describes Ramses II, the dynamic stochastic general equilibrium (DSGE) model
currently in use at the Monetary Policy Department of Sveriges Riksbank. The model is used …

We investigate the macroeconomic consequences of fluctuations in the effectiveness of the
labor market matching process with a focus on the Great Recession. We conduct our …

I construct a directed search model in which firms decide whether to enter a market and how
many positions to create. Within this framework, the number of firms and the size of each firm …

The rate of long-term unemployment spiked during the Great Recession. To help explain
this, I exploit the systematic and counter-cyclical differences in unemployment duration …

Idiosyncratic productivity shocks induce larger adjustments to hiring than aggregate shocks,
because general equilibrium effects on search frictions and wages partially offset the latter …

We set-up a real business cycle model with search and matching frictions driven by several
shocks, which nests full Nash Bargaining and wage rigidity as special cases and includes …