unemployment rates, is a good start to understanding the unemployment crisis in the Great Depression. Drawing from rarely used data … sources, this paper compiles historical monthly time series of U.S. unemployment rates, vacancy rates, and labor productivity …, some of which date back to 1890. The frequency, persistence, and severity of the unemployment crises in the model are …

This paper examines the impact of unemployment insurance on the propagation of monetary disturbances in a staggered … model that gives prominence to an efficiency-wage theory of unemployment based on imperfectly observable labor effort …

paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a … reasonable elasticity of steady state unemployment with respect to changes in benefits. The calibration of the model implies low …

Empirical evidence concerning the reasons for differences in unemployment dynamics within the group of OECD countries … business cycles and labour market institutions on total unemployment, equilibrium unemployment and cyclical unemployment. Our … the unemployment level by shaping the impact of economic growth. Moreover, we conduct an extensive sensitivity analysis …

, unemployment remained high. In this paper, we show that countercyclical unemployment benefit extensions lead to jobless recoveries …. We augment the standard Mortensen-Pissarides model to incorporate unemployment benefits expiration and state …-dependent extensions of unemployment benefits. In the model, an extension of unemployment benefits slows down the recovery of vacancy …

shock. Although the model generates a jobless recovery, its implications on unemployment duration are not entirely …