Can the Mortensen‐Pissarides Matching Model Match the Business‐Cycle Facts?
检验莫滕森-皮萨里季斯匹配模型能否解释就业、职位创造与职位破坏的商业周期事实，发现模型仅在非就业平均持续时间约9个月或更长时成立。
We examine whether the Mortensen‐Pissarides matching model can account for the business‐cycle facts on employment, job creation, and job destruction. A novel feature of our analysis is its emphasis on the reduced‐form implications of the matching model. Our main finding is that the model can account for the business‐cycle facts, but only if the average duration of a nonemployment spell is relatively high—about 9 months or longer.