European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility …We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected … fact that liquidity constrained workers, facing earnings uncertainty in the context of imperfect unemployment insurance …

European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility …We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected … fact that liquidity constrained workers, facing earnings uncertainty in the context of imperfect unemployment insurance …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to … labor market conditions, along with the congestion externality from matching frictions, cause the unemployment rate to rise …

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the …This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the …This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the …This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

unemployment function. Our results provide evidence of chronic underutilization of productive capacity and hysteresis in … unemployment, especially after the 2008' financial crisis. We show that our series of the rate of capacity utilization are … significant predictors of capacity accumulation, productivity growth and unemployment rates. Moreover, they predict inflation as …

In this paper we study international linkages when forecasting unemployment rates in a sample of 24 OECD economies. We … propose a Global Unemployment Factor (GUF) and test its predictive ability considering in-sample and out-of-sample exercises … information to predict domestic unemployment rates, at least for these last seven countries …

while revisions of trend labor, mainly driven by revisions of the non-accelerating wage rate of unemployment (NAWRU), are …

An equilibrium search model with credible bargaining, when calibrated to the mean and volatility of postwar … unemployment rates, is a good start to understanding the unemployment crisis in the Great Depression. Drawing from rarely used data … sources, this paper compiles historical monthly time series of U.S. unemployment rates, vacancy rates, and labor productivity …