When workers are exposed to human capital depreciation during periods of unemployment, hiring affects the unemployment … during unemployment into an otherwise standard New Keynesian model with search frictions in the labour market leads to the …

fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …

that long-term unemployment is only weakly related to inflation depends on the assumption of linearity in the Phillips … curve. Specifically, once convexity is allowed for during the estimation process, long-term unemployment appears to have a … significant negative influence on wage inflation, whereas in a linear Phillips curve model it is only the short-term unemployment …

analyse the size and cyclicality of the flows between employment, unemployment and inactivity. I also examine job-to-job flows … unemployment rate. Although the job-finding rate has been more relevant over the past ten years, the job-separation rate was …

Skill erosion during unemployment was of particular concern as unemployment duration increased in the Great Recession … unemployment pool’s skill composition, and hence the output produced by other firms' new hires. As a consequence, job creation is …