This paper develops a New Keynesian model with search frictions in which generated frictional unemployment is … consistent with the time series of involuntary unemployment collected by the U.S. Bureau of Labor Statistics. Thus, it can shed … light on the relevant impact of labor market frictions and policy interventions on the observed unemployment about which …

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 long …

the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with … short-run unemployment costs but also with long-run output benefits?. The answer to this question crucially depends on the …

literature tries to decompose this intratemporal elasticity into its main components, the "Ins and Outs of Unemployment" (Shimer …

those of unemployment in OECD members. However, there is a positive correlation between employment protection and … unemployment. I find that this result is robust to alternative setups of non-labor markets. Finally, I find that the effect of the …

, unemployment is systematically decreasing, the financial sector is more eager to lend, and its clients - to borrow. Rapidly growing …

an unemployment cost equivalent to 0.8 percentage points over the sample period where the average unemployment rate …

of the Phillips curve, based constant inflation expectations, is appropriate to calculate the unemployment effects of …