The Beveridge curve in the housing market

Gaetano Lisi
Università di Cassino e del Lazio Meridionale

Maggio, 2019

Abstract: As opposed to a recent criticism (according to which a model à la Pissarides inherently generates a downward sloping Beveridge curve), this preliminary theoretical paper shows that a baseline search-and-matching model is able to take into account the main distinctive features of the housing market, thus generating an upward sloping Beveridge curve.