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. …

Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited … variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …

implications for the unemployment-inflation tradeoff and for the conduct of monetary policy.We proceed in two steps. We first leave … firms. We derive the relation between inflation and unemployment and discuss how it is influenced by the presence of labor … market frictions and real wage rigidities. We show the nature of the tradeoff between inflation and unemployment …

the unemployment rate, which until now has been the main approach in the empirical literature. …

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 …

wages. A one-point increase in the unemployment rate decreases wages of newly hired male workers by around 2.8% and by just …

average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …

are that policy has effects on the stochastic behavior of key variables - measures that reduce unemployment also reduce … its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …