Beveridge curve and use the vacancy rate to forecast unemployment. This first look at the series yields sensible results, while …

We assess the effects of the Colombian Unemployment Subsidy (US) program on future labor participation, unemployment … not increase, and for some populations decrease during the 18 months after leaving from the Unemployment Subsidy program …, larger decreases in their labor participation, and greater increases in their unemployment rates. We also find a small though …

unemployment rate. We find evidence that wages above their long- run equilibrium level do increase unemployment, but wages below …

, unemployment and wages during the last two decades. The evidence suggests that, in the long-run, monetary policy has been neutral … to both output and unemployment while the main reasons for the increase in the latter have been the lack of credibility …