Labor, Credit, and Goods Markets: The Macroeconomics of Search and Unemployment
Authors: Nicolas Petrosky-Nadeau and Etienne Wasmer
Publisher: MIT Press, October 2017
This work integrates theoretical frameworks for analyzing markets with frictions across multiple sectors. Building on Nobel Prize-winning research, it extends search-and-matching models beyond labor markets to examine finance and goods sectors, demonstrating how frictions interact across different economic domains.
Key Focus Areas:
- Labor market dynamics and macroeconomic volatility
- Financial market frictions and their impact on employment
- Goods market frictions and product market interactions
- Business cycle propagation through multi-market interactions
Notable Endorsements: The book received praise from prominent economists including Christopher A. Pissarides (2010 Nobel laureate), Robert E. Hall (Stanford), and others, positioning it as essential reading for researchers studying market frictions and macroeconomic dynamics.
Past Teaching Experience
Carnegie Mellon University - Tepper School of Business
Courses focused on macroeconomic theory, labor market dynamics, search and matching models, and business cycle analysis at the PhD and master's levels.