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 analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long-run effects on the … unemployment are affected differently across skill types. Also, the model generates sideward shifts of the Beveridge curve …

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and inflation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

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

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

"unemployment volatility puzzle". We let new matches and continuing jobs differ by their productivity levels and by their … aggregate productivity shock generates a persistent productivity difference between the two types of matches, creating an …This paper focuses on tenure driven productivity dynamics of a firm-worker match as a potential explanation of …

at risk in the euro area and in the United States. We model the asymmetry of the shocks to changes in the unemployment … the unemployment rate displays time-varying volatility and skewness, with peaks coinciding with the Global Financial … risk defined as the possible joint event of large increases in the unemployment rate and large annual rates of inflation …

through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …

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

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