-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment …

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that uctuations in the total …

' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To … reacts to regional employment shocks in a variety of cases. Shock responses are channelled via changes in unemployment …, unemployment and spatial mobility become the central ones in recession. We also provide evidence of real wage rigidities in both …

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

-the-job search makes such wage competition less likely, reducing expected labor costs and lowering inflation. This model explains why … inflation has remained subdued over the last decade, which is a conundrum for general equilibrium models and Phillips curves …

labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching …

the paper let me trace changes of the natural unemployment rate in Poland in the context of structural changes in the … fiscal variables, the model is able to replicate high degree of the unemployment persistence …

This paper relates the size of the cyclical inflation differentials, currently observed for euro area countries, to the … cyclical inflation differentials. The proposed mechanism is a supply side one in which differences in labor market institutions …

the relationship between employment, wages, and inflation, according to James K. Galbraith. However, he asserts, wages are … policy? Notions of natural rates of unemployment and inflationary barriers to full employment fade away. Supply-side measures … can no longer been seen as adequate to deal with problems of unemployment and inequality. Questions of distribution of …

. Positively, we find that inflation and unemployment differentials strongly depend on the underlying labor market structures …How do asymmetric labor market institutions affect the volatility of innovation and unemployment differentials in a … union model with unemployment, hiring frictions and real wage rigidities. The model provides a rigorous but tractable …