. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … theory. Real wage rigidities do not seem to play much of a role. This result is in line with our employed labor market model … ; macroeconomic volatility ; monetary policy ; firing costs ; unemployment benefits ; replacement rate …

We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …

In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European … significance subsided again in the late 1990s and 2000s. In France the dynamics of unemployment are driven virtually entirely by …

, unemployment and nonparticipation for each country. We develop a decomposition measuring the contribution of these transition …

We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …

According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in … to high unemployment benefits. In this paper we reassess the turbulence-unemployment relationship using a matching model … Ljungqvist and Sargent (1998, 2004) are reversed, and higher turbulence leads to a reduction in unemployment. Thus, changes in …

temporarily reduce unemployment and increase wages in periphery countries at the cost of somewhat higher unemployment in receiving …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …

bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …

Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …