cyclical fluctuations are typical for both nominal and real variables, e.g. inflation and unemployment. …

aggregate female and male unemployment rates as 'sufficient' variables for the chance element in individual employment outcomes …

We estimate the quantitative importance of labour market institutions for equilibrium unemployment in OECD. The … equation for unemployment and the sample has more variation in unemployment and in institutions. Finally, we incorporate … empirical equation for unemployment is based on the solution of a dynamic macroeconomic model where wages and prices are jointly …

setting. The equilibrium unemployment rate depends on institutional labour market institutions through mark-up coefficients …We focus on the equilibrium unemployment rate as a parameter implied by a dynamic aggregate model of wage- and price …. Compared to existing studies, the resulting final equation for unemployment has richer dynamic structure. The empirical …

International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than … circumstances a passive regime may induce co-operation in wage setting, and thus lower unemployment, when a stricter regime would …

Several features of the U.S. natural rate of unemployment are reconsidered through specification and testing of …