surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates …

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

We study how unemployment affects the over-indebtedness of households using the new European Household Finance and … to country specific results, the role of unemployment varies widely across countries. In Spain, France or Portugal, for … households plagued by over-indebtedness increased by more than 10%, suggesting that another unemployment shock could have a major …

smoothed transition regression (LSTR) model where possible threshold endogeneity is addressed based on copula theory. We also …-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is …

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and inflation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

deviate from the strict inflation targeting since the policy maker faces a typical unemployment/inflation trade-off. In this … (hence the output gap) since the latter also depends on the evolution of unemployment. The matching frictions add a … matches. Hence optimal monetary policy features unemployment targeting along with inflation targeting …