The delay and throughput characteristics of a packet switch depend mainly on the queueing scheme and the scheduling algorithm deployed at the switch. Early research on scheduling algorithms has mainly focused on maximum weight matching scheduling algorithms. It is known that maximum weight matching algorithms guarantee the stability of input-queued switches, but are impractical due to their high computational complexity. Later research showed that the less complex maximal matching algorithms can stabilize input-queued switches when they are deployed with a speed-up of two. For practical purposes, neither a high computational complexity nor a speed-up of two is desirable. In this paper, we investigate the application of matching algorithms that approximate maximum weight matching algorithms to scheduling problems. We show that while having a low computational complexity, they guarantee the stability of input queued switches when they are deployed with a moderate speed-up. In particular...