increased government purchases crowd out private consumption? 2) do increased government purchases reduce unemployment? Farmer … also reduce unemployment …

of real shocks. Consequently, more advanced economies should have higher unemployment rates and be more prone to crisis …. The implications of the theory both for measurement and government policy are examined …

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer's (2009) model in … which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …

. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

This paper explores the interaction between fiscal policy and unemployment. It develops a dynamic economic model in … which unemployment can arise but can be mitigated by tax cuts and public spending increases. Such policies are fiscally … determination of fiscal policy and unemployment in long run equilibrium. Outcomes with both a benevolent government and political …

recovered but unemployment lingered). This paper presents a model that captures these three facts. The key elements of the model …

a longer unemployment spell -- by sending fictitious resumes to real job postings in 100 U.S. cities. Our results …'s unemployment spell, with the majority of this decline occurring during the first eight months. We explore how this effect varies … that employer screening plays an important role in generating duration dependence; employers use the unemployment spell …