I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent … unemployment is high, the increase in tightness and resulting crowding-out are small. …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high … by developed nations in the last twenty years, substantially amplify the impact on the domestic unemployment rate of …

procyclical unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which does indeed … generate countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …

This paper is motivated by the lack of any obvious relationship between aggregate poverty and unemployment in Great … Britain. We derive a framework based on individuals' risks of unemployment and poverty, and how these vary over the economic … unemployment matters for poverty - with the macro picture - that there's no strong link. We then go on to identify which household …

, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

This paper analyzes optimal unemployment insurance over the business cycle in a search model in which unemployment … novel effects ignored in previous studies of optimal unemployment insurance. First, job-search efforts have little effect on … aggregate unemployment because the number of jobs available is limited, independently of matching frictions. Second, while job …

In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European … significance subsided again in the late 1990s and 2000s. In France the dynamics of unemployment are driven virtually entirely by …

mobility for unemployment. We find that the increase in capital flows since the mid1980s has contributed to an amplification of … the impulse response of unemployment to country-specific shocks and to a fall in the persistence of unemployment in …