Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …

historical negative correlation between the unemployment rate and the employer-to-employer (EE) transition rate up to the Great … rate increased commensurately with the decline in unemployment. We then decompose the channels through which a change in EE …

unemployment dynamics. The optimal monetary policy prescribes a strong positive response to EE fluctuations, implying that central … banks should distinguish between recovery episodes with similar unemployment but different EE dynamics. …

classes of questions are investigated. First, what is the impact of exogenously given labor taxes and unemployment benefits on … monopolistically competitive firms and through them on unemployment, inflation and welfare? A related question is, how does the level … maximize the expected real income of union members over states of employment and of unemployment, a central bank that strives …

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every … period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence … the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; Search and Matching ; Nominal …

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every … period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence … the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; search and matching ; nominal …

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for … each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and … helps reduce the new entrants' wage rigidity required to match observed unemployment volatility …

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for … each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and … helps reduce the new entrants' wage rigidity required to match observed unemployment volatility. …