After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …

disproportionately suffered under this (early) de-industrialization shock and the subsequent job loss. For the male population, the …

model of unemployment, which is exposed to the asymmetric expellee inflow, closely fits historical data on the regional … unemployment differential and the regional migration rate. Both variables increase dramatically after the inflow and decline only …