We focus on the equilibrium unemployment rate as a parameter implied by a dynamic aggregate model of wage- and price … setting. The equilibrium unemployment rate depends on institutional labour market institutions through mark-up coefficients …. Compared to existing studies, the resulting final equation for unemployment has richer dynamic structure. The empirical …

The authors derive an estimate of the Federal Reserve's assessment of the natural rate of unemployment in real time … about the natural rate of unemployment from the dynamics of inflation, aggregate demand, and the functioning of the labor … that would have been achieved by using a different estimate of the natural rate of unemployment is typically small. …

Die Bekämpfung der Arbeitslosigkeit genießt oberste wirtschaftspolitische Priorität - dieser Feststellung wird kaum …

/price-setting theory, this increase should reduce structural unemployment, because labour market flexibility increases and labour costs … impact of the relationship between the extensiveness of the low-pay sector and structural unemployment. Data from Germany … 1991 to 2008, indicate a positive impact of the growing low-wage sector on structural unemployment. Moreover, some …

unemployment flows to forecast the unemployment rate. We pay particular attention to flows-based approaches - the more reduced … unemployment flows are useful in forecasting the unemployment rate. We find that any approach that considers unemployment inflow …. Its usefulness is amplified at specific points in the business cycle when the unemployment rate is away from the longer …