Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125018667> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3125018667 abstract "The slow recovery of the US labor market and the observed shift in the Beveridge curve has prompted speculation that sector-specic shocks are responsible for the current recession. We document a signicant correlation between shifts in the US Beveridge curve in postwar data and periods of elevated sectoral shocks relying on a factor analysis of sectoral employment to derive our sectoral shock index. We provide conditions under which sector-specic shocks in a multisector model augmented with labor market search generate outward shifts in the Beveridge curve and raise the natural rate of unemployment. Consistent with empirical evidence, our model also generates cyclical movements in aggregate matching function eciency and mismatch across sectors. We calibrate a two-sector version of our model and demonstrate that a negative shock to construction employment calibrated to match employment shares can fully account for the outward shift in the Beveridge curve. We augment our standard multisector model with nancial frictions to demonstrate that nancial shocks or a binding zero lower bound can act like sectoral productivity shocks, generating a shift in the Beveridge curve that may be counteracted by expansionary monetary policy." @default.
- W3125018667 created "2021-02-01" @default.
- W3125018667 creator A5039902374 @default.
- W3125018667 creator A5054685521 @default.
- W3125018667 date "2013-01-01" @default.
- W3125018667 modified "2023-09-28" @default.
- W3125018667 title "Sectoral Shocks, the Beveridge Curve and Monetary Policy" @default.
- W3125018667 hasPublicationYear "2013" @default.
- W3125018667 type Work @default.
- W3125018667 sameAs 3125018667 @default.
- W3125018667 citedByCount "2" @default.
- W3125018667 countsByYear W31250186672015 @default.
- W3125018667 countsByYear W31250186672020 @default.
- W3125018667 crossrefType "posted-content" @default.
- W3125018667 hasAuthorship W3125018667A5039902374 @default.
- W3125018667 hasAuthorship W3125018667A5054685521 @default.
- W3125018667 hasConcept C126285488 @default.
- W3125018667 hasConcept C126322002 @default.
- W3125018667 hasConcept C139719470 @default.
- W3125018667 hasConcept C162324750 @default.
- W3125018667 hasConcept C165556158 @default.
- W3125018667 hasConcept C190175210 @default.
- W3125018667 hasConcept C195742910 @default.
- W3125018667 hasConcept C204983608 @default.
- W3125018667 hasConcept C2778126366 @default.
- W3125018667 hasConcept C2779014257 @default.
- W3125018667 hasConcept C2781300812 @default.
- W3125018667 hasConcept C2994488168 @default.
- W3125018667 hasConcept C556758197 @default.
- W3125018667 hasConcept C71924100 @default.
- W3125018667 hasConceptScore W3125018667C126285488 @default.
- W3125018667 hasConceptScore W3125018667C126322002 @default.
- W3125018667 hasConceptScore W3125018667C139719470 @default.
- W3125018667 hasConceptScore W3125018667C162324750 @default.
- W3125018667 hasConceptScore W3125018667C165556158 @default.
- W3125018667 hasConceptScore W3125018667C190175210 @default.
- W3125018667 hasConceptScore W3125018667C195742910 @default.
- W3125018667 hasConceptScore W3125018667C204983608 @default.
- W3125018667 hasConceptScore W3125018667C2778126366 @default.
- W3125018667 hasConceptScore W3125018667C2779014257 @default.
- W3125018667 hasConceptScore W3125018667C2781300812 @default.
- W3125018667 hasConceptScore W3125018667C2994488168 @default.
- W3125018667 hasConceptScore W3125018667C556758197 @default.
- W3125018667 hasConceptScore W3125018667C71924100 @default.
- W3125018667 hasLocation W31250186671 @default.
- W3125018667 hasOpenAccess W3125018667 @default.
- W3125018667 hasPrimaryLocation W31250186671 @default.
- W3125018667 hasRelatedWork W1807300856 @default.
- W3125018667 hasRelatedWork W2050148376 @default.
- W3125018667 hasRelatedWork W2053572115 @default.
- W3125018667 hasRelatedWork W2067920665 @default.
- W3125018667 hasRelatedWork W2147654024 @default.
- W3125018667 hasRelatedWork W2181839572 @default.
- W3125018667 hasRelatedWork W2183465278 @default.
- W3125018667 hasRelatedWork W2262814468 @default.
- W3125018667 hasRelatedWork W2269642809 @default.
- W3125018667 hasRelatedWork W2611355701 @default.
- W3125018667 hasRelatedWork W3122096840 @default.
- W3125018667 hasRelatedWork W3123843363 @default.
- W3125018667 hasRelatedWork W3123981461 @default.
- W3125018667 hasRelatedWork W3125480600 @default.
- W3125018667 hasRelatedWork W3141237433 @default.
- W3125018667 hasRelatedWork W3143540896 @default.
- W3125018667 hasRelatedWork W3147812722 @default.
- W3125018667 hasRelatedWork W3148423552 @default.
- W3125018667 hasRelatedWork W3191925413 @default.
- W3125018667 hasRelatedWork W2170217445 @default.
- W3125018667 isParatext "false" @default.
- W3125018667 isRetracted "false" @default.
- W3125018667 magId "3125018667" @default.
- W3125018667 workType "article" @default.