The paper questions the predominant view on unemployment and wages in the European Union according to which high … unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent ?market … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …

theoretical results are mixed. There is no unique connection between unemployment and minimum wages, and the effect can be … generally leads to an increase in unemployment as well. In this case, a social planner faces a trade off between redistribution … of rents and unemployment. …

this apparent puzzle by modeling skill development (learning by doing on the job, skill loss during unemployment) and … duration dependence in unemployment benefits in a random on the job search model featuring two-sided heterogeneity. The model …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

and Galí (2006, 2008) New-Keynesian model of inflation and unemployment, where labor market frictions due to costs of … policy rules based on current period inflation and unemployment our results are similar to those of Bullard and Mitra (2002 … explaining unemployment instability. Under lagged data based rules the area where monetary policy delivers both determinacy and E …

duration dependence in unemployment benefits in a random on the job search model featuring two-sided heterogeneity. General …