surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

deviate from the strict inflation targeting since the policy maker faces a typical unemployment/inflation trade-off. In this … (hence the output gap) since the latter also depends on the evolution of unemployment. The matching frictions add a … matches. Hence optimal monetary policy features unemployment targeting along with inflation targeting …

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …

bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …

proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …