The interconnected issues of commodity price fluctuation, unemployment and balance of trade developments are of …

unemployment, and interest rate smoothing. The estimates closely track major movements along with important time-series properties … benchmark model that does not account for changes in trend inflation and trend unemployment. …

unemployment, and interest rate smoothing. Compared to the existing literature, our model simultaneously provides estimates of the … unemployment. More precisely, the proposed approach improves upon competing models in tracking the actual evolution of the real …

unemployment and vacancies. Following suggestions by Robert Hall and Robert Shimer, this paper shows that a relatively standard … simulate moments of an artificial economy with and without sticky wages and we document the dependence of unemployment and …

unemployment and vacancies. Following suggestions by Robert Hall and Robert Shimer, this paper shows that a relatively standard … simulate moments of an artificial economy with and without sticky wages and we document the dependence of unemployment and …