In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates … significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also … unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected …

labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between … sectors as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage … frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components …

"We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its … implications for the unemployment-inflation tradeoff and for the conduct of monetary policy.We proceed in two steps. We first leave … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …

"Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …