: in the aftermath of an adverse energy price shock, fiscal policy can help reducing the hysteresis effects on unemployment …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 …

protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …

of the job finding rate explain up to 80% of the unemployment fluctuations for the less educated. We then construct a … stylised HANK model augmented with search and matching and ex-ante heterogeneity in terms of educational attainment. We show … expansionary monetary policy shock that increases labour demand disproportionally affects the labour market segment for the less …

"unemployment volatility puzzle". We let new matches and continuing jobs differ by their productivity levels and by their … aggregate productivity shock generates a persistent productivity difference between the two types of matches, creating an … frictions. -- Matching ; productivity shocks ; job flows ; Beveridge curve ; vintage structure ; nominal rigidities ; monetary …

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

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized … our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well … data. By implication, labor market deregulation has a greater effect on the cyclicality of labor productivity and on the …

Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment …

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

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