differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … suggest that euro area unemployment is particularly sensitive to movements in the consumption component of GDP, while …This paper examines the usefulness of the Okun relationship as a “rule of thumb” for predicting changes in unemployment …

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is …

This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That … is, GDP is forecast via the forecasts of value added across the different branches of activity, which is quite new in the … indicators are used to bridge the gap of missing GDP data. The process of selecting the best performing equations is accomplished …

differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … suggest that euro area unemployment is particularly sensitive to movements in the consumption component of GDP, while …This paper examines the usefulness of the Okun relationship as a “rule of thumb” for predicting changes in unemployment …

We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people ….e., unemployment is ‘involuntary'). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the ‘non-accelerating inflation rate of unemployment'. We then …

their cross-correlations. Member countries which had similar levels of GDP per-capita in the seventies have also experienced … per-capita GDP growth since 1999 has been lower than what could have been predicted on the basis of historical experience … and US observed developments. The gap between US and euro area GDP per capita level has been 30% on average since 1970 and …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence of … structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECs' unemployment presents features of …

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 …