the labour market flows determining the steady-state unemployment rate. We can thus simulate demand or supply shocks and …

government outlays as a percentage of GDP, plays a significant role in affecting the steady-state unemployment rate. Importantly …, when government outlays are disaggregated, transfers and subsidies are found to significantly affect the steady-state … unemployment rate while government purchases of goods and services play no significant role. …

outlays as a percentage of GDP, plays a significant role in affecting the steady-state unemployment rate. Importantly, when … government outlays are disaggregated, transfers and subsidies are found to significantly affect the steady-state unemployment … rate while government purchases of goods and services play no significant role. …

supply, and the labour market flows which determine the steady-state unemployment rate. Thus, we can simulate either demand …

percentage of GDP, plays a significant role in affecting the steady-state unemployment rate. We disaggregate government outlays … and find that transfers and subsidies significantly affect the steady-state unemployment rate while government …