, weighing more on the jobless due to non-homotheticity and the inability to perfectly insure against unemployment spells. Rising … energy prices induce a novel precautionary saving motive: the consumption losses upon unemployment are increased … monetary policy, whose optimal response involves partly accommodating core inflation so as to indirectly sustain employment …

, unemployment is systematically decreasing, the financial sector is more eager to lend, and its clients - to borrow. Rapidly growing …

high-skill workers.In this paper we show that a model of employer taste-based discrimination in a labor market … workers. We use the model to undertake a structural decomposition and conclude that discrimination resulting from employer …

to re‑enter the labour market, resulting in further long‑term unemployment. Given these high costs for the unemployed and …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …

Although the substantial and persistent gap between the unemployment rates of African-Americans and whites in the … unemployment gap. He finds that racial differences in measured human capital and other characteristics can explain all of the …

This paper shows how uninsurable unemployment risk is crucial to qualitatively and quantitatively match macro responses … behaviors, triggering a fall in aggregate demand and supply. These precautionary behaviors increase the unemployment risk of the … imperfectly insured households, who strengthen precautionary saving. When the feedback loop between unemployment risk and …

-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment …