the output gap includes the TFP gap and the unemployment gap (natural rate and actual rate on unemployment). Moreover, it … policies. On the other hand, it shows that productivity changes are associated to the evolution of capital labor ratio and … capital/trabajo y de la eficiencia de la inversión. La evidencia empírica muestra que en los pasados 25 años no hubo indicios …

Recent years have seen a rapid development of model connecting growth and unemployment, but their empirical relevance …-theoretic models of unemployment, namely, economic fundamentals other than labor market institutions (e.g. time preference) have non …-neutral effect on unemployment. This prediction is tested against the null hypothesis of the long-run separability between growth and …

and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …

the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …