and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild …, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry …

. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …