hence the benefits of a reform. It also increases unemployment variability, which increases the precautionary benefits of a …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … consumption, more attractive. Less consumption is associated with less output and therefore higher unemployment. To the contrary … increase in unemployment. …

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …

facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap … two groups both in the level and volatility of unemployment. We show that the racial unemployment gap is counter … unemployment is above average the gap increases by 0.6pp more than when aggregate unemployment is below average. In terms of policy …

curve shifts between 1960 and 2000. A reduction in matching efficiency, that depressed unemployment outflows, shifted the … relating unemployment and vacancies to inflation, the link between these labor market indicators and inflation depends on … Beveridge curve is essential for drawing policy conclusions from the joint behavior of unemployment and job openings. …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …