der Arbeitslosigkeit zur Folge hat. -- search friction ; labor market transitions ; wages …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

Konjunkturzyklus. Es zeigt sich, dass der jahrzehntelange Aufwärtstrend der Arbeitslosigkeit in Deutschland vollständig durch Hysterese … erklärt werden kann. Dagegen folgte die Arbeitslosigkeit in den USA keinem Hysterese-Muster, auch nicht während der großen … Rezession. Deutschland überstand diese Rezession so gut, weil sowohl Hysterese als auch strukturelle Arbeitslosigkeit durch …

We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR … with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes … shocks play adominant role in explaining unemployment also in the medium-run. Moreoverreal wages have low sensitivity to …

the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … subsequent data additions, policy relevance and its tight link with the theory. -- unemployment ; natural rate; unemployment …This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in …

The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an … search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to … labor market conditions, along with the congestion externality from matching frictions, cause the unemployment rate to rise …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …