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 …. Positively, we find that inflation and unemployment differentials strongly depend on the underlying labor market structures …

volatility of output, inflation and unemployment. These results stand in contrast to theories attributing to excessive regulation … for the rise and persistence of European unemployment. In addition, they suggest that labour market frictions are at most …

2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …

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

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