equivalent workers fall sharply as unemployment duration progresses. We use the model to quantitatively assess the consequences … of such employer behavior for job finding rates and long term unemployment and find only modest effects given the large … decline in callbacks. Interviews lost to duration impact individual job-finding rates solely if they would have led to jobs …

model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …We explore the extent to which composition, duration dependence, and labor force non-participation can account for the … sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional …

number of unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we …One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … of Unemployment,quot; i.e., the extent to which increased unemployment during a recession arises from an increase in the …

examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation …

-run concept like the natural rate of unemployment. We examine what effect uncertainty has on the use of NAIRU in policy …

We develop a framework to study the effects of policies of uncertain duration on consumption dynamics under both …

We present a signalling theory of Quantitative Easing (QE) at the zero lower bound on the short term nominal interest …

rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …

unemployment …