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 …

Since the advent of Heterogeneous Agent New Keynesian (HANK) models, countercyclical unemployment risk has been deemed … an important amplification mechanism for business cycles shocks. Yet, the aggregate effects of such "unemployment fears … model. While unemployment fears can exert noticeable aggregate effects, we find their magnitude to depend importantly on the …

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. …

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …

build a New Keynesian model with incomplete asset markets, asymmetric search and matching (SAM) frictions across skilled and … shock leads to larger wage increases for high-skilled workers than for low-skilled workers, due to the smaller matching …

, because matching frictions render idiosyncratic labor-market risk endogenous; the supply, because markups, adjustment costs …, instead, favors unemployment-centric policy. One- and two-agent alternatives can show unanimous disapproval of inflation …

facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap … two groups both in the level and volatility of unemployment. We show that the racial unemployment gap is counter … unemployment is above average the gap increases by 0.6pp more than when aggregate unemployment is below average. In terms of policy …

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

between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …