Credit, vacancies and unemployment fluctuations

Propagation in equilibrium models of search unemployment is altered when vacancy costs require some external financing on frictional credit markets. The easing of financing constraints during an expansion as firms accumulate net worth reduces the opportunity cost for resources allocated to job creat...

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Veröffentlicht in:	Review of economic dynamics 2014-04, Vol.17 (2), p.191-205
1. Verfasser:	Petrosky-Nadeau, Nicolas
Format:	Artikel
Sprache:	eng
Schlagworte:	Bond markets Credit market Credit-market frictions Economic dynamics Economic theory Employment creation Job creation Job openings Job vacancies Labor economics Labour market Search and matching Studies Unemployment Vacancies and unemployment dynamics
Online-Zugang:	Volltext
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