changes in either labour taxes or in unemployment benefits to labours costs is larger the higher are those institutional … variables. The paper also considers the effects of those institutions on the choice of labour taxes and of unemployment benefits …This paper develops a framework for studying the interactions between labour unions, fiscal policy, monetary policy and …

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU …

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

Central banks throughout the world predict inflation with new-Keynesian models where, after a shock, the unemployment …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downward …