In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. -- Credit markets ; labor markets ; unemployment ; credit constraints ; search frictions …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

' incentives to create jobs, increases unemployment, and lowers GDP. To quantify the effects of this novel channel, we extend the … counterfactual exercises. We find that the adverse effects of our mechanism on the economy's TFP, GDP, and unemployment are sizable. …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

successfully utilized for macroeconomic predictions. Specifically, we study unemployment rates and their interconnection with job …-related searches. We show that Google searches enhance nowcasting models of unemployment rates for the Czech Republic and Hungary …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …