The Development of Search and Matching Theory and Its Applications in Macroeconomics
The search and matching theory has numerous applications in macroeconomics.In the study of the labor market,it becomes the canonical framework for analyzing unemployment.By offering a uniform and tractable framework for studying liquidity and monetary policies,it has also been proven a powerful tool in advancing monetary theory.In this paper we introduce the history,methodology,recent development and applications of the search and matching theory,and propose future research agendas using the framework.We hope our findings will facilitate the domestic adoption of these research method-ologies and perspectives and enhance macroeconomic research in China.
search and matching theoryunemploymentmonetary search
万方数据
维普
