joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

States, Japan, Canada, the United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are …This paper evaluates the response of employment to exchange rate shocks at the industry level for G-7 countries. Using …

We estimate the impact of exchange rate fluctuations and other external factors on hours worked and employment in … Canada's manufacturing industries. The analysis is based on a dynamic model of labour demand and the econometric strategy …, from Statistics Canada's KLEMS database, and covers a long sample that includes two full cycles of appreciation and …

We estimate the impact of exchange rate fluctuations and other external factors on hours worked and employment in … Canada's manufacturing industries. The analysis is based on a dynamic model of labour demand and the econometric strategy …, from Statistics Canada's KLEMS database, and covers a long sample that includes two full cycles of appreciation and …

comovements between output and labor share. -- Credit and search frictions ; Labor market ; Unemployment …

, increases in the gross replacement rate of public unemployment insurance are shown to increase the volatility of employment, and …This paper proposes an explanation for observed differences in the business cycle volatility of employment and … unemployment across a sample of OECD countries. Using an incomplete markets variant of the fair wage real business cycle model …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as … suggested by the model, which would explain why employment is more volatile than the model predicts. We explore whether this …