the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

; equilibrium unemployment ; inflation target ; Phillips curve ; Lucas critique ; Germany …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

economic outcomes. The question is whether higher transparency comes at some cost, i.e. higher unemployment or higher … unemployment variability. Firstly, the article shows in a theoretical model that opaqueness regarding the central bank …’s preferences does not necessarily lead to lower unemployment. Secondly, the paper analyses the main theoretical results of other …

unemployment and maximum employment approaches; and the unfilled vacancies perspective. Furthermore, we provide and discuss …

opportunities, here expressed as the unemployment rate differential for each single territory with respect to its surroundings …