LMSF, Lecture #2: The Pissarides Model
Overview:
• Pissarides Model: Overview, building blocks
• Valuation equations
• Wage equation
• Free entry and equilibrium conditions
• Diagrammatic exposition
• Comparative statics
by Prof. Burda
more helpful content:
https://www.youtube.com/@macronotes36...
#macroeconomics #labor #markets #search #frictions #pissarides #model