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| Diamond-Mortensen-Pissarides Such-Matching-Modell× | Real Business Cycle Modell× | |
|---|---|---|
| Fachgebiet | Volkswirtschaftslehre | Volkswirtschaftslehre |
| Familie | Regression model | Regression model |
| Entstehungsjahr | 1982 | 1982 |
| Urheber≠ | Peter Diamond, Dale Mortensen, Christopher Pissarides | Finn Kydland, Edward Prescott |
| Typ≠ | Equilibrium labor market model | Dynamic stochastic general equilibrium model |
| Wegweisende Quelle≠ | Mortensen, D. T., & Pissarides, C. A. (1994). Job Reallocation, Employment Fluctuations and Unemployment. In J. B. Taylor & M. Woodford (Eds.), Handbook of Macroeconomics, 1A, 1171–1227. link ↗ | Kydland, F. E., & Prescott, E. C. (1982). Time to Build and Aggregate Fluctuations. Econometrica, 50(6), 1345–1370. DOI ↗ |
| Aliasnamen≠ | DMP Model, Search and Matching Model, Mortensen-Pissarides Model | RBC Model, Kydland-Prescott Model |
| Verwandt | 2 | 2 |
| Zusammenfassung≠ | The Diamond-Mortensen-Pissarides (DMP) model, developed by Peter Diamond, Dale Mortensen, and Christopher Pissarides in the early 1980s, is a fundamental framework for understanding labor market dynamics through the lens of search and matching frictions. It explains how workers and firms meet, form employment relationships, and separate, endogenously determining unemployment, vacancies, and wages. | The Real Business Cycle (RBC) model, developed by Finn Kydland and Edward Prescott in 1982, is a dynamic stochastic general equilibrium framework that explains macroeconomic fluctuations as rational responses to exogenous technological shocks. Unlike Keynesian models that emphasize demand-side factors and nominal rigidities, the RBC model shows how productivity variations alone can generate business cycles that mimic observed employment, output, and investment dynamics. |
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