in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model …

detailed picture of the main characteristics of employment and unemployment in the country. This study, which presents the …

characteristics of employment and unemployment in the country. This study, which presents the principal results of the survey, helps …

output-inflation tradeoff equation, whereby inflation shocks raise current output. The limiting impact of mean inflation and …

function is used to model unemployment. The standard model can generate sufficiently large cyclical fluctuations in … unemployment, or a sufficiently small response of unemployment to labor market policies, but it cannot do both. Variable search and …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …