and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …

-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …

not harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …

This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …