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optimal if the government can choose the level of unemployment benefits as well as the degree of central bank conservatism. …
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It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment … a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the …
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the assumption of a strictly nominal outside option (for instance, unemployment benefits) for the union. There is … conservative central banker is always optimal if the government can choose the level of unemployment benefits as well as the degree …
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According to the previous literature on hiring, firms face a trade-off when deciding on external recruiting: From an incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career incentives. However, if external workers have high...
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