We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …

This paper investigates the optimal retirement of an individual in the presence of involuntary unemployment risks and … involuntary unemployment risks and frictions in unemployment insurance markets. Using reasonably calibrated parameters, we observe … that high involuntary unemployment intensity and loading factors could be important explanations for the empirical findings …

out how complete wage equation reduces the immediate unemployment rate or the hazard rate of unemployment.This paper … reduce the immediate unemployment rate …

important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary … policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment tradeoff and …

important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary … policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment tradeoff and …