economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the … indication that the most often employed linear estimation approach is inadequate. Further research on these issues is necessary. …

affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …

Up to now there was a general conviction that increasing unemployment and inflation have a negative impact on the … the Schröder government. While the results for the former show the known pattern, neither unemployment nor inflation is … significant in the equations of the Schröder government, the latter has even the wrong sign. The missing impact of unemployment …

unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that … Beaudry and DiNardo (1991). We solve for the dynamics of wages and unemployment, and show that real wages do not necessarily … to match actual unemployment and wage series. We also show that equal treatment follows in our model from the assumption …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

rate risk shock increases by 63 percent and the contribution of interest rate risk shocks to business cycle volatility more …