Krause, M.Lubik, T.2017-04-242017-04-242010Economic Quarterly, 2010; 96(3):259-2721069-72252163-4556http://hdl.handle.net/2440/104651We demonstrate the possibility of indeterminacy and nonexistence of equilibrium dynamics in a standard business cycle model with search and matching frictions in the labor market. Our results arise for empirically plausible parameterizations and do not rely on a mechanism such as increasing returns.en© 2010 Federal Reserve Bank of RichmondLabor marketBusiness cyclesWorking paper0030069717348908