Ludo Visschers

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The Great Recession has revived an important debate about the extent and nature of the misallocation of unemployed workers across labor markets. Central to this debate is the notion that some labor markets offer better employment prospects than others and that some unemployed workers would benefit if they were to reallocate. In this paper we investigate to(More)
We investigate the quantitative implications of precautionary demand for money for business cycle dynamics of velocity of money and other nominal aggregates. There is a standing challenge in monetary macroeconomics to account for business cycle dynamics of nominal variables, as previous business cycle models that have tried to incorporate demand for money(More)
Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science,(More)
In a market in which sellers compete by posting mechanisms, we allow for a general meeting technology and show that its properties crucially affect the mechanism that sellers select in equilibrium. In general, it is optimal for sellers to post an auction without a reserve price but with a fee, paid by all buyers who meet with the seller. However, we define(More)
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