This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …

significant part of the currently rising unemployment in Austria may be attributed to structural changes. Those structural changes …

. In our calibration, this allows the model to generate fluctuations of unemployment, vacancies, and job-to-job transitions …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are lose …

relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different …

fluctuations of unemployment and job vacancies, it cannot generate the observed unemployment and vacancy fluctuations in response … larger cyclical fluctuations in unemployment and job vacancies. However, it still falls short of what observed in the …

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 …