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

This paper combines matching frictions with e¢ ciency wages to deter shirking in a model that is estimated for the USA …

This paper examines two key aspects of unemployment-its propagation mechanism and socioeconomic costs. It identifies a … mechanism and the existing pecuniary and nonpecuniary costs of unemployment suggests a fundamental shift in the policy responses … effects of unemployment. The paper discusses several preventative features of the program. …

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 …

overly long unemployment durations. We examine the infuence of previous wages on unemployment durations for workers after …