model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and …

inflation and unemployment. Under some assumptions, that relation takes a form similar to that found in empirical applications … unemployment rate in the U.S. economy, even under the strong assumption of a constant natural rate of unemployment …

The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some … Keynesian model with unemployment, and assess their empirical relevance …

I develop a version of the New Keynesian model with insider-outsider labor markets and hysteresis that can account for … the high persistence of European unemployment. I study the implications of that environment for the design of monetary … policy. The optimal policy calls for strong emphasis on (un)employment stabilization which a standard interest rate rule …

Do family policies reduce gender inequality in the labor market? We contribute to this debate by investigating the … joint impact of parental leave and child care, using administrative data covering the labor market and birth histories of …