are the quantitative effects of increased financial risk on output and inflation? What drives the variation in the … intensive and extensive margin of labor supply? What are the spillover effects of financial market disturbances to unemployment … open economy ; DSGE ; financial frictions ; labor market frictions ; unemployment …

financial factors. It is also clear that the current standard approach of modeling labor markets without explicit unemployment …

examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation … inflation in response to exogenous movements in monetary policy and productivity. In this model, disinflations and productivity …

permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …

This brief examines two issues of current interest concerning inflation: (1) whether "well-anchored" expectations will … help to restrain inflation's decline and whether an "un-anchoring" of expectations could lead to undesirably high inflation … are useful, to what extent current gaps might counterbalance the effect of expectations on inflation. The goals of …