us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the … responsiveness of the unemployment gap to the output gap in Andalusia is related to two main factors: the flows out of the labour … force in recession are larger in Andalusia, and the higher share of the agrarian unemployment. …

leading indicator, while unemployment is a lagging indicator of the crisis. Further research will include both an enlarged …

In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its … Monte-Carlo techniques, we do not find any evidence of such policy trade-off. In contrast, we find that reduced unemployment … associated with a weaker persistence of unemployment over time, which implies a lower volatility of unemployment in the long run …

This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of … government spending on public-sector jobs reduces unemployment, especially during recessions: the fiscal multiplier …

This paper illustrates why fiscal policy becomes more effective as unemployment rises in recessions. The theory is … based on the equilibrium unemployment model of Michaillat (forthcoming), in which jobs are rationed in recessions. Fiscal …; therefore fiscal policy reduces unemployment effectively. Formally the fiscal multiplier—the reduction in unemployment rate …

growth affect the unemployment probability of individuals with varied skills in the United States. The paper goes beyond … between macroeconomic shocks and unemployment. Workers specialized in communication skills exhibit lower unemployment rates …, reduced unemployment volatility, and less sensitivity to macroeconomic fluctuations. …

average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

cyclical movements of some key labor market variables such as the vacancy rate and the vacancy-unemployment ratio. Several …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …