This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …

news and communication along with the estimated exchange rate misalignment on exchange rate as well as its volatility …

The concept of the employment threshold plays an important role in the public discussion of unemployment. The …

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

highlights the fact that high exchange rate volatility may as well signal high costs for labor markets. The impact of exchange … rate volatility on labor markets in the CEECs is analyzed, finding that volatility vis-à-vis the euro significantly lowers … employment growth. Hence, the elimination of exchange rate volatility could be considered as a substitute for a removal of …

We analyze the impact of Eurozone/Germany and U.S. macroeconomic news announcements and the communication of the …