emphasis on their evolution over the business cycle. Blacks have substantially higher and more cyclical unemployment rates than … comparatively higher risk of job loss. In contrast, the Hispanic-white unemployment rate gap is comparatively small and is largely …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

This paper integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. The … matching frictions and bargaining over real wages and hours of work. Search frictions generate unemployment in equilibrium … for inflation dynamics: under right-to-manage, the real wage rigidity also results in smaller fluctuations of inflation …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …

This study examines the asymmetrical effects of unemployment and output on inflation in Greece. It applies a nonlinear … empirical findings indicate an asymmetric and inverse relationship between inflation and unemployment. In the long run, positive … shocks to unemployment affect inflation with greater intensity than negative shocks. The short-run trade-off between …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than … in hte high inflation regime, while the Swedish and the U.K. cases suggest that unemployment variability is higher in the …

population growth has lowered both the natural rate and inflation by about 0.4 percentage points in recent decades. …