labour market policy until 2007: They have been entitled to unemployment benefit payments until taking up retirement pension … analysis based on a survey of recipients of the Unemployment Benefit II shows that low or no propensity to work was rarely the …

labour market policy until 2007: They have been entitled to unemployment benefit payments until taking up retirement pension … analysis based on a survey of recipients of the Unemployment Benefit II shows that low or no propensity to work was rarely the …

origin of and solution to unemployment is in stark contrast to the neglect in Neoclassical Synthesis of the monetary side of …

the concept of involuntary unemployment and that, consequently, it had to be rejected. It is shown that this conclusion …

New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment … crucial difference that our model delivers unemployment fluctuations. Thus, second-moment statistics of the US rate of … unemployment are replicated reasonably well in our proposed New-Keynesian model with sticky wages. Demand-side shocks play a more …