. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage …

consider measures involving targeting workers with low incomes/abilities and targeting the unemployed. To make our analysis … German data. The calibration shows that hiring vouchers targeted at the long-term unemployed and low-income/ability workers … the long-term unemployed are more effective than hiring vouchers targeted at low-income/ability workers. These subsidy …