of unemployment" as the unemployment rate consistent with a constant rate of inflation in a hypothetical state having no … relative unemployment rates. Other higher estimates of the natural unemployment rate, close to 7 percent in 1980, result from …

inflation, strong real wage growth, and low rate of unemployment in the U.S. economy during the late 1990s. Many of these … univariate trends in the unemployment rate and in the rate of productivity growth, these coefficients are stable. This suggests … explanations of movements of wages, prices and unemployment over the 1990s, and indeed over the past forty years, must focus on …

examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation …

-run concept like the natural rate of unemployment. We examine what effect uncertainty has on the use of NAIRU in policy …

We present a signalling theory of Quantitative Easing (QE) at the zero lower bound on the short term nominal interest …

uncertainty. The results not only corroborate previous findings of an inverse relationship between contract duration and inflation …

-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …

rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …

model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and …