underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …. 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. …

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 …

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 …