exist because of valuable job-matches, unemployment among high-productivity laid-off workers may be optimal from societal … unemployment instead of low-wage jobs, resulting in an inefficient level of unemployment. This paper shows that in such cases, a re …

the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …

cyclical fluctuations are typical for both nominal and real variables, e.g. inflation and unemployment. …

cyclical fuctuations are typical for both nominal and real variables, e.g. inflation and unemployment. …

A standard model of equilibrium unemployment consists of static equations for real wage ambitions (wage curve) and real … unemployment approaches the NAIRU from any given initial value, inflation will be increasing or decreasing over time. We formalize …'s equations are re-interpretated as attractor relationships. We show that NAIRU unemployment dynamics are sufficient but not …