Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

By Per Krusell, Toshihiko Mukoyama, Ayşegül Şahin. 2010

191 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ac290fbcfa58242a61fe6059f6ceb427138ab2e5

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In Economics and Econometrics

Citations in the corpus

On-the-Job Search and Precautionary Savings (2013, methodology): “Recent work incorporating savings into a Mortensen-Pissarides type model with aggregate fluctuations includes Bils et al. (2011) and Krusell et al. (2010).”
Precautionary Saving Over the Business Cycle (2016, unknown): “where w (1 ) I = (1 ) [g (k ) k g0 (k )] I is a strictly positive constant that only depends on the deep parameters of the model (see (28) and (33)).”
Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2016, background): “We follow Nakajima (2012a) and Krusell et al. (2010) and assume that the job-finding rate of unemployed households is linked to the state of the business cycle through Mortensen and Pissarides (1994) search and matching frictions.”
Joint-Search Theory: New Opportunities and New Frictions (2009, methodology): “And similarly for the second term in the RHS of (21).”
Unemployment (fears) and Deflationary Spirals (2015, unknown): “…by guest on 15 M arch 2020 asset occurs with some average MRS or an MRS based on aggregate consumption.6,7 One exception is Krusell et al. (2010) who—like us—allow trade in the productive asset and discount agents’ returns on this asset with the correct MRS.8 In Section 2,…”
Quantitative Analysis of Unemployment Benefit Extensions (2012, background): “The views expressed here are those of the author and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System.”
Gross Worker Flows over the Business Cycle (2017, background): “In a much simpler model, Krusell et al. (2010) show that holding all else constant, decreases in job-finding rates and increases in job-separation rates lead to less time spent in employment, thereby lowering income.”