unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …

industry, age, and income quintile. Inflation is negatively correlated with unemployment across groups. The model shows that …

This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for … assessing the current state of the economy as it relates to the pursuit of both price stability and maximum employment. In … particular, we propose two broad categories of unemployment rate benchmarks: (1) a longer-run unemployment rate expected to …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

paper is threefold: first, we show that the model provides a good fit for employment and unemployment volatility, as well as … volatility of employment and unemployment. Finally, we show the role of search costs in shaping those results. -- matching …