labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …

inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the … standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … rigidities. Second, labor turnover costs are the dominant source for the inflation-output tradeoff when both rigidities are …

private households in Germany. In 2001, the difference is small for households consisting of at least three persons. For three … impeded by the system of social assistance. As a consequence, unemployment increased. … einer geringen Qualifikation behindert und zum Anstieg der Arbeitslosigkeit beigetragen. …

the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States …This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a … stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

measure construction and technology busts) have little effect on the natural rate of unemployment or on long run productivity … of unemployment and can count for a 0.5% rise in cyclical unemployment from 2007 through the end of 2009 and 0.3% through …

show that implementing the Danish flexicurity concept in Germany would reduce unemployment and earnings inequality … Germany - the reduction of unemployment effect is nearly 40% greater when the policies are implemented in conjunction than in … renowned Danish miracle by evaluating their unemployment and inequality effects and their complementarities. We develop a …

and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …

relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …