How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We …

distribution is endogenously determined. We use this model to analyze the comparative statics effects of increases in unemployment … compensation on the unemployment rate and aggregate welfare taking into account the induced change in the wage offer distribution … a selective increase in unemployment compensation, made available to those who impute a relatively low value to leisure …

Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980's. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …

In this article it is shown that when the effects of an increase in unemployment subsidies are studied in a general … equilibrium framework, unemployment increases far less than in a "partial-partial" model, or may even decrease. …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity … intermediate step between unemployment and wage inflation. Contributions by Kuh, Solow and Stiglitz in the late sixties follow this …, it is hard to derive the desired result that the wage share increases when unemployment falls. Monopolistic price …