such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

the ten countries, the United Kingdom has conducted inflation targeting most in line with the theory of rational …

explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …

targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to … employment in developing and emerging countries. On the contrary, it might reduce average unemployment and narrow the output gap …

these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

sticky prices and equilibrium search unemployment that features a shock to the matching efficiency (or mismatch shock). We … find that this shock is almost irrelevant for unemployment fluctuations in normal times. However, it plays a somewhat … larger role during the Great Recession when it contributes to raise the actual unemployment rate by 1.25 percentage points …