evidence of large heterogeneities among demographic groups. Interestingly, unemployment rates in levels across demographic … groups are not necessarily aligned with the sensitivity of these demographic groups’ (un)employment and participation rates …

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 …

, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …

firms are more cyclically sensitive to unemployment. Besides, the VAR impulse response analysis suggests that workers move …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …

volatility, but generates substantially higher unemployment fluctuations in response to productivity shocks. Moreover, the policy … unemployment dynamics. The findings point to potential gains from policy complementarities between macroprudential regulation and …