reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized … model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

This paper builds upon Hoon and Phelps (1992, 1997) to ask how much of the evolution of the unemployment rate over … the evolution of unemployment rates in Europe as it recovered from the second world war and caught up technologically to …) and that saw its unemployment rate go down from double-digit levels in the early 1960's to the low 2 to 3 percent in the …

OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a … unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns … estimate a model of unemployment adjustment, which allows for the influence both of the global factor and of labour market …

unemployment. Moreover, the wage sweep-ups caused by nominal rigidity are strongly correlated with unemployment suggesting that … downward rigidity of nominal wages indeed contributes to unemployment. …

model of unemployment, which is exposed to the asymmetric expellee inflow, closely fits historical data on the regional … unemployment differential and the regional migration rate. Both variables increase dramatically after the inflow and decline only …

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 …. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching …