with search and matching frictions. The size of the public sector has been generally expanding over the last decade …, unemployment rate and market tightness as well as on the overall economic growth. We aim at determining whether a portion of … unemployment can be explained by either the increased public hiring or shrinking of the number of public employees in the last …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

In this paper we investigate the quantitative importance of search and matching fric- tions in Bulgarian labor markets …