, unemployment, and business cycles. Great economists such as Marx, Veblen, and Schumpeter have examined this problem, concluding … fluctuations in the share of profits create inflation, unemployment, and business cycles. This generalization has been verified by … profit share is high, moderate inflation and employment were generated, and when profit share is low, inflation, unemployment …

We propose a monetary model in which the unemployed satisfy the official U.S. definition of unemployment: people …, unemployment is involuntary). We integrate our model of involuntary unemployment into the simple new Keynesian framework with no … capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …

unemployment depends positively on the drift coefficients and negatively on the volatility coefficients of both price and … relation of inflation and productivity with unemployment at low frequencies. Long-run unemployment is negatively correlated …

stagnation and high unemployment may have had his belief in a monetary explanation for the Great Depression shaken by the failure … of Britain's departure from the gold standard to cause a rapid recovery and reduce unemployment. This disappointment led …

-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment … vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical … small movement along a downward sloping Beveridge curve (unemployment-vacancy locus). A shock to the job destruction rate …