The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …

We propose a monetary model in which the unemployed satisfy the official U.S. definition of unemployment: people …, unemployment is involuntary). We integrate our model of involuntary unemployment into the simple new Keynesian framework with no … capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …

productivity. The welfare state's tax-based social transfers and even unemployment benefits have not clearly harmed employment or …

linear programming procedure. I apply the analysis to study state dependence in unemployment for working age high school … assumptions, I estimate that state dependence accounts for at least 30–40% of the four-month persistence in unemployment among …

linear programming procedure. I apply the analysis to study state dependence in unemployment for working age high school … assumptions, I estimate that state dependence accounts for at least 30-40% of the four-month persistence in unemployment among …

-specific patterns of involuntary unemployment in the U.S. using the latest individual-level data. The estimates from a probit model show … that, so far, global human-capital outsourcing has not shifted the risk of unemployment from lower-skilled to higher …-skilled American workers. Overall, the probability of involuntary unemployment is negatively related with the worker's level of …

We propose a multi-country model with occupational choice, heterogeneous firms, unemployment, and revenue … tariffs in the range of 14 percent for the U.S. to 43 percent for China, and tend to increase unemployment and income …