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 …

Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …

policies and to study the problem of unemployment. These notes mean to provide an exhaustive introduction to the study of the …

estimation is based on the corrected LFS unemployment rate for the employment in the grey economy. …

years, accompanied by a steep rise in unemployment, which would be around 11.5% in 2010 in the euro area. However, labour … soften the impact of much higher unemployment levels on Europe's potential rate of growth in the future. …

We apply well-known results of the econometric learning literature to a standard RBC model with unemployment. The …) with least squares learning is however slow. The cyclical response of unemployment to structural shocks is muted under …