and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized … model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the …