with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the …

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

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 …

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