, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are lose …

the probabilities of worker flows across employment and unemployment in euro area countries during the period 2000-2015 in …Macroeconomic studies suggest that employment-output elasticities in the euro area increased during the recovery from …

decomposition of endogenous variables in trends and cycles, for shock decomposition, for incorporating external judgement, and for …

investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the … banks. Yet, findings also indicate that employment consequences of credit shortages have been essentially detrimental for … SMEs experiencing a negative demand shock or facing severe product market competition. Finally, results show that credit …

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 …

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 …

-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …

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 … of employment, wages and consumption inequality. Finally, the model provides important insights for the Phillips and …

This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with …

degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation …