We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the … Phillips-curve framework of low - often extremely low - response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany … reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business … disentangling periods of low and high unemployment we find that the effect of unemployment on new business formation is only …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

macro-economic conditions in the form of regional unemployment rates. The results from our panel data models, several of … downturn, with an approximately 0.7 percentage point increase for each one percentage point rise in the unemployment rate … percentage point increase in the regional unemployment rate leading to an up to 0.8 percent decrease in consumption. …

The construction bust which accompanied the Great Recession, and the accompanying need to shift workers across sectors … falls in the trend employment-population ratio. The recent shift in the Beveridge Curve during the Great Recession is … episodes occurring during the mid-1970s and early 2000s recessions, in addition to during the Great Recession. In addition …

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

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

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

tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …

they joined the establishment from unemployment This is supportive of equal treatment. We also show that a four parameter … series properties and co-properties of real wages, output, and unemployment, in particular the asymmetric response of wages …