We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …

(TVAR), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response … 88 percent of the state dependence in the unemployment rate, 76 percent for the separation rate and 36 percent for the …

effects and counter-effects of stringency of movement restrictions and unemployment rate in responses to COVID-19 infection … cases. On the one hand, our results show that the unemployment rate rises when the governments impose more stringent … movement restrictions. On the other hand, a higher unemployment rate leads the government to lower stringency of movement …

We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …

An empirical regularity in the US business cycles is that in recessions men's unemployment rate rises faster than women … of real personal consumption expenditures, we are able to show a correspondence between gender unemployment dynamics and … segregation based on occupational economic risk, which , in turn is realized in terms of the likelihood of unemployment spells. We …

We study the steady state with involuntary unemployment and fiscal policy to realize full-employment in a situation … with technical progress. Under involuntary unemployment the nominal wage rate may decline. Then, the prices of the goods …

We analyze involuntary unemployment based on consumers’ utility maximization and firms’ profit maximization behavior … of involuntary unemployment in that model with ongoing mominal wage rate decline (or deflation). Even if the nominal wage … rate declines, we have a steady state with involuntary unemployment and constant output and employment. We need budget …

We show the existence of involuntary unemployment based on consumers’ utility maximization and firms’ profit … seigniorage) to achieve full-employment under a situation with involuntary unemployment. Under constant prices we show the …-employment from a state with involuntary unemployment, we need budget deficit (Proposition 1). 2) If the full-employment state has …

This paper analyzes the effects of nominal wage rigidity on inflation persistence and unemployment using a dynamic … open economy, allowing to simultaneously introduce nominal wage rigidity and unemployment in the labor market. Our main … provides estimates of the nominal wage rigidity implications on unemployment. Indeed, in a context of wage rigidity, a …

Using two types of overlapping generations (OLG) model, we show that involuntary unemployment is in a Nash equilibrium … not decrease involuntary unemployment …