The US economy is still suffering from its most severe recession in seven decades. In the first of a series of US …

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

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. …

Britain in the mid-2000s. However this rise – and subsequent fluctuations since the onset of recession in 2008 – can be almost …

allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …

finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the …

. Disaggregation by gender is necessary. Endogeneity of participation levels with respect to unemployment is treated in two ways, by … unemployment cannot be rejected. …

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 …

becoming unemployed, the costs of unemployment in terms of real wages losses and the probability that the continuously employed …

This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …