unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low … cyclical behaviour of stocks and flows in the labour market also without search frictions. In periods of high unemployment …

has both a higher inflow rate into unemployment and a higher efficiency of the matching process. While the combined effort …

has both a higher inflow rate into unemployment and a higher efficiency of the matching process. While the combined effort …

curve, which draws the classical inverse relation between the job vacancy rate and the unemployment rate, before, during …