which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …

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

We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people ….e., unemployment is 'involuntary'). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …

This paper describes a new data set of the forecasts of output growth, inflation, and unemployment prepared by …

We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.<br><br>We proceed in two steps. We first … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …

We show that data on satisfaction with life from over 600,000 Europeans are negatively correlated with the unemployment … the public is willing to accept in terms of unemployment for inflation, at least in terms of keeping the average level of …

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …