We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …

We examine the impact of scrapping entitlement to unemployment insurance (UI) on job finding and employment of young …

We introduce skill decay during unemployment into Blanchard and Gali's (2008) New-Keynesian model with hiring frictions … and real-wage rigidity. Plausible values of quarterly skill decay and real-wage rigidity turn the long-run marginal cost-unemployment … relationship positive in a "European" labour market with little hiring but not in a fluid "American" one. If the marginal cost-unemployment …

This paper provides a robust estimation of the impact of both product and labour market regulations on unemployment … various covariates, results show that product market deregulation overall reduces unemployment rate. This finding is robust to …: deregulation of State controls and in particular involvement in business operations tends to push up the unemployment rate. Labour …

In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We …

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for … each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and … helps reduce the new entrants' wage rigidity required to match observed unemployment volatility. …

dynamics through both their effect on marginal cost and on price-setting behavior. In a search and matching environment, we …

reform in Belgium to study whether conditioning the prospective entitlement to unemployment benefits for education-leavers on … experience one year after leaving education. The second part conditioned the eligibility for this unemployment benefit for youth … case of unemployment can significantly raise degree completion and reduce dropout in higher education, we find no evidence …

cycle model with search and matching frictions and endogenous job destruction. The interaction between the capital formation … needed to reap the benefits of an investment-specific technology shock and gradual labor-market matching, generates hump …-shaped, persistent responses in output, vacancies, and unemployment. The endogenous job destruction decision also leads to small but …