We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of … the Phillips curve over time. We consider different specifications and different measures for inflation. Furthermore, we …

is subsequently shown that variations in trend inflation significantly explain variations in the degree of wage …

The establishment of appropriate policy measures for fighting unemployment has always been difficult since causes of … unemployment are hard to identify. This paper analyses an approach used mainly in the 1960s and 1970s in economics, in which … classification is used as a way to deal with such a complex, multiple causal phenomenon like unemployment. The method is based on …

, notwithstanding that inflation in some countries tends to converge towards the euro area level. Overa11, inflation persistence has …

productivity in the long run, but the economy suffers persistent unemployment in the near term. However, a pro …

In this paper, I study the wage a firm sets to attract high abilityworkers (hipo's) in situationsof unemployment. I … show that the higher unemployment, the larger afirm's incentives to sorthigh and low ability workers. Moreover, workers … will signal their(high) ability in situationsof (high) unemployment only if a job offers a high enough wage. Themain result …

We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection … job losses matters. In contrast to conventional wisdom, we find that private unemployment insurance in the US can be … profitable for a relatively short exclusion length of one year. To stimulate the emergence of a private unemployment insurance …