, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

Since the advent of Heterogeneous Agent New Keynesian (HANK) models, countercyclical unemployment risk has been deemed … an important amplification mechanism for business cycles shocks. Yet, the aggregate effects of such "unemployment fears … model. While unemployment fears can exert noticeable aggregate effects, we find their magnitude to depend importantly on the …

rest of the EA - REA), the US, and the rest of the world, region-specific labour markets with search and matching frictions …

-specific labour markets with search-and-matching frictions. Our main results are as follows. First, tariffs produce recessionary …

We propose a monetary model in which the unemployed satisfy the offcial US deffinition of unemployment: they are people ….e., unemployment is 'involuntary'). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …