"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 … well behaving Beveridge curve, despite endogenous job destruction, and more volatile vacancies and unemployment, without a …

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

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 …

We consider the effects of quantitative easing on liquidity and prices of bonds in a search- and matching model. The …

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 …

-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … decrease it can only do so gradually because of matching frictions which in turn implies that the tax burden remains high and …