This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … on inflation volatility, which can also be rationalized by our theoretical model …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

employment, unemployment and inactivity, from several angles. I examine aggregate conditional transition probabilities, job … contributions of job-finding and job-separation rates to fluctuations in the unemployment rate. Over the past cycle, the job …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

idiosyncratic shocks, is countercyclical and thus raises the cyclical volatility of unemployment, closer to its empirical value; but … Beveridge curve up. OJS corrects this tendency and restores a vacancy-unemployment trade-off more in line with empirical …