Empirical analysis of the “shimer puzzle”

Fumitaka Furuoka and Beatrice Lim and Khairul Hanim Pazim and Li Jingyi (2020) Empirical analysis of the “shimer puzzle”.

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This paper aims to examine the “Shimer Puzzle” by using a dynamic stochastic general equilibrium (DSGE) approach. The appropriate calibrate strategy could assist in solving two aspects of the Shimer puzzle by generating more accurate standard errors for unemployment and elasticity of the v–u ratio with respect to productivity. However, there remains the unsolvable problem of generating an accurate standard deviation for vacancy.

Item Type: Proceedings
Keyword: Search model , Mortensen-Pissarides model , Dynamic stochastic general equilibrium
Subjects: H Social Sciences > HB Economic theory. Demography
H Social Sciences > HD Industries. Land use. Labor
Department: FACULTY > Faculty of Business, Economics and Accounting
Depositing User: DG MASNIAH AHMAD -
Date Deposited: 04 Jul 2021 20:58
Last Modified: 04 Jul 2021 20:58
URI: https://eprints.ums.edu.my/id/eprint/27597

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