employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …

This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with …

This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …

This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …

lower levels of liquid wealth. This supports the notion that the persistence of the unemployment shock is an important …