in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … employmentpopulation ratio; only 20 percent of the actual volatility of the unemployment rate is accounted for; and the labor market …

components of unemployment and output as part of a system of correlations between the permanent and transitory components of both … the permanent and transitory components of unemployment and output within each series and across series. We find that the …

Unemployment appears to be an imbalance in the national labor market, as a meeting point between global supply and … demand work. Unemployment is influenced by demographic features, social-economic and cultural developments leading its … paper proposes to conduct an analysis of the specifics of unemployment in Romania. …