. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of …

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

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …