of capital for investments in jobs, which harms the position of job seekers, including new entrants to the labour market …

cost of capital for investments in jobs. Third, making shareholders the ultimate owner of the firm provides the best …

This Paper explores the optimal interaction between the tax system and unemployment compensation in insuring people … against the risks of involuntary unemployment and low ability. To that end, we introduce search unemployment in a model of … and the unemployment benefit) increases if, for efficient agents, the participation constraint (governing job search …

and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent … fiscal stimulus will not permanently restore full employment. In Farmer’s model, as in the Keynesian model, employment is …

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

factor substitution between labour and polluting resources, a shift towards greener preferences boosts employment if labour … policy and involuntary unemployment are derived within a second-best framework in which lump-sum taxes and subsidies are not … available and labour supply is rationed due to a rigid consumer wage. In the absence of factor substitution more environmental …

This paper uses a model with a continuum of equilibrium unemployment rates to explore the effectiveness of fiscal … situation of bilateral monopoly. Using this framework, I explain the current financial crisis as a shift to a high unemployment …

a permanent reduction in wealth and consumption and a permanent increase in the unemployment rate. My work suggests that …This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of …

unemployment rate. I show that the connection between changes in the stock market and changes in the unemployment rate has remained … unemployment. …

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