Although New Keynesian models with labor market frictions found an increase in unemployment and a decrease in labor … volatilities of unemployment and labor market tightness are not as high as their empirical counterparts. This calls for the … volatility of unemployment and labor market tightness in response to a positive technology shock compared to the model without on …

States at business cycle frequency. That being so,it can also generate large procyclical fluctuations in the vacancy-unemployment … ratio. This results from two plausible explanations, namely heterogeneity in households preferences and unemployment …

In this paper I build a North-South model of international trade, economic growth and search-frictional unemployment in … the effects of intellectual property rights protection and trade liberalization on unemployment and welfare in the North …. Intellectual property rights protection decreases unemployment and increases welfare. Trade liberalization increases welfare but …

How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate … characterized by high steady-state levels of capital intensities the model shows that, due to a capitalization effect and a … qualification-mismatch effect, increasing technological progress has adverse implications for long-term unemployment. Furthermore …

suggest that regional mismatch did not play an important role in explaining movements of aggregate unemployment. Across … industries and occupations, there was a decrease in mismatch unemployment from over 5 percent to below 4 percent (on the highest … disaggregation level), whereas the share of mismatch unemployment (across industries and occupations) within total unemployment …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

- cancy subsidy, a layoff tax and unemployment benefits. We derive analytical expressions for the optimal setting of each of … replacement rate of unemployment insurance should all rise in recessions. We find this confirmed in a calibration targeted to the …