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  • Francesco Furlanetto, Nicolas Groshenny, Larry Christiano, Marco Del Negro, Tim Kam, Ellen Mcgrattan +1 other
  • 2012
A large decline in the e¢ ciency of the U.S. labor market in matching unemployed workers and vacant jobs has been documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market to study the propagation of matching e¢ ciency shocks. We show that the transmission of these disturbances and(More)
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