The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some … Keynesian model with unemployment, and assess their empirical relevance …

not harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …

and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …

This paper develops a search-matching model to study the impact of the unemployment rate on the housing market in the … impact of the unemployment rate on housing market outcomes. Specifically, we show that an increase in the unemployment … three percentage-point increase in the unemployment rate lowers the price by 7.74% and reduces the transaction volume by 9 …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …