, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are lose …

analysis with a dynamic labour market equilibrium model with search and matching frictions to study the effects of public …, total factor productivity, the unemployment rate, hours per worker, and inflation, are also important determinants of …

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

paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and … matching model with right-to-manage wage bargaining, a proper wage channel obtains. Second, accounting for fixed costs …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a …

alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing …

paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and … matching model with right-to-manage wage bargaining, a proper wage channel obtains. Second, accounting for fixed costs …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a …

This paper examines the usefulness of the Okun relationship as a “rule of thumb” for predicting changes in unemployment … differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … of the Okun relationship (in comparison to the aggregate “rule of thumb”) for predicting movements in unemployment. The …

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 …