unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. …This paper decomposes the sources of risk to income that individuals face over their lifetimes. We distinguish … productivity risk from employment risk and identify the components of each using the Survey of Income and Program Participation and …

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in … which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …

natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …

has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment … (which does little to restrain inflation). …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downward …

precommit. This implies that a variation of the policy maker's degree of inflation aversion does not have a systematic effect on … maker's inflation aversion may have a systematic effect on equilibrium employment even if agents have rational expectations …

monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of … features, such as the degree of centralization of wage bargaining, labour unions' inflation aversion and the degree of … suggests that the switch to a monetary union is likely to make labor uur unions more aggressive, increasing unemployment …

, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of … by governments concerned with the costs of inflation and unemployment, as well as with redistribution to particular … changes in either labour taxes or in unemployment benefits to labours costs is larger the higher are those institutional …