This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with …

This paper looks at the role of part-time work in labour mobility for 11 European countries. We find some evidence of …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence of … structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECs' unemployment presents features of …

some euro area countries, in others dramatic changes in employment and unemployment rates have been observed and, indeed …

Growth of wages, unemployment, employment and vacancies exhibit strong asymmetries between expansionary and …

We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people ….e., unemployment is ‘involuntary’). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the ‘non-accelerating inflation rate of unemployment’. We then …

paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a … reasonable elasticity of steady state unemployment with respect to changes in benefits. The calibration of the model implies low …

This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …