.14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this … worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 … rigidity is constructed and the index is shown to have positive correlation with the persistence. Moderating macroeconomic …

.14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this … worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 … rigidity is constructed and the index is shown to have positive correlation with the persistence. Moderating macroeconomic …

models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long … - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … puzzle is highly misleading, relying on the exogeneity of the forcing variable (e.g. output gap, marginal costs, unemployment …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and … equilibrium paths. Hysteresis is viewed as the result of a selection between these different equilibrium paths. We use this model … of the 1970?s may have played a central role in generating hysteresis. …

inflation persistence and unemployment persistence may offer a possible explanation of high and prolonged European unemployment. … rationale for a prolonged inverse relation between inflation and unemployment. The paper suggests that the interaction of …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving … unemployment persistence. Therefore, we turn to a third class of explanations: propagation mechanisms. We focus on factors …

stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …