labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … unemployment rates to pre-shock levels. …

find a positive and significant relationship between sales and unemployment and perform a time series principal component …

Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment … unemployment gaps. Through the lens of the model, the 2022-23 disinflation was driven by the expectation that the unemployment gap … will close through a progressive decline in 𝑢𝑡 ∗ and a rise in the unemployment rate. This implies that convergence to …

The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and …

Private consumption demand falls in response to increased unemployment risk during a recession, as households increase … unemployment risk is more important than realized unemployment shocks in accounting for durable expenditure dynamics during … recessions, while the opposite is true for nondurables. The importance of anticipation of future unemployment risk also means …

fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …

, our welfare analysis of fiscal alternatives shows that the young prefer increases in unemployment transfers as this …