the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle. …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

-Mortensen-Pissarides model. Log linearization under- states the mean and volatility of unemployment, but overstates the volatility of labor … market tightness and the magnitude of the unemployment-vacancy correlation. Log linearization also understates the impulse … responses in unemployment in recessions, but overstates the responses in the market tightness in booms. Finally, the second …

business cycle facts. -- business cycle ; search frictions ; skill specic unemployment ; skill substitutability …

This paper explores the determinants of equilibrium unemployment within the search and matching framework. Using … by many OECD economies, of high and persistent unemployment. The main finding is that the rise in unemployment can be … levels and a rise in the rates of interest and worker separation from jobs. Beyond exploring the rise in unemployment, the …

The rate at which workers switch employers without experiencing a spell of unemployment is one of the most important …