We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the … unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between … empirical analysis and find that the NRU explains only 33% of the unemployment variation, while frictional growth accounts for …

-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a … unemployment rate. What mechanisms might explain this? We provide evidence that rises in home-ownership are associated with three …

are that policy has effects on the stochastic behavior of key variables - measures that reduce unemployment also reduce … its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …

The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can … NAIRU. The labour macro literature tries to explain unemployment dynamics and determine the real economic factors that drive … the natural rate of unemployment. We show that the orthodox view that the New Keynesian Phillips curve is vertical in the …

erwarten viele Beobachter zum Herbst einen dramatischen Anstieg der Arbeitslosigkeit mit einer baldigen Überschreitung der Vier … den Sommermonaten August und September aller Voraussicht nach völlig ruhig. Saisonal bedingt geht die Arbeitslosigkeit …

Frühjahr 2009 die Arbeitsmarktlage. Das Papier erläutert die Technik der Prognose der Arbeitslosigkeit unter Nutzung der …

geschätzt werden, bestätigen insbesondere die zentrale Bedeutung der Arbeitslosigkeit für die Höhe der Fehlzeiten. Weiterhin …

unemployment rates. Using the Spanish Time Use Survey 2002-2003 and 2009-2010, we find that higher regional unemployment rates are … channel through which others' unemployment affects time allocation decisions of the unemployed. As higher regional … unemployment rates imply a lower availability of jobs for the unemployed, it decreases the expectations individuals have of finding …

sector, high unemployment for educated youth, weak private sector dependent on government welfare for their survival, rapid …