In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future deviation from target given information about the...

A significant fraction of the labor force consists of employed workers who are part-time unemployed (underemployed) in the sense that they are unable to work as much as they prefer. This paper develops a search and matching model to study the design of optimal unemployment insurance in an...

In practical applications of micro-simulation models (MSMs), very little is usually known about the properties of the simulated values. This paper argues that we need to apply the same rigorous standards for inference in micro-simulation work as in scientific work generally. If not, then MSMs...