unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …

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

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … of employment, wages and consumption inequality. Finally, the model provides important insights for the Phillips and …

between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …

in the wakeof a large and persistent aggregate demand shock. Finally, we show that these considerations canhave …

Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in …

. Unemployed workers' skill losses generate multiple steady-state unemployment rates. When monetary policy is constrained by the … permanent unemployment trap. Since monetary policy is powerless to escape such traps ex post, it must avoid them ex ante. The …

This paper develops a general equilibrium monetary model with performance incentives to study the inflation-unemployment … employment. An upward-sloping or vertical Phillips Curve can arise instead, depending on agents' risk aversion and the … on employment …

historical negative correlation between the unemployment rate and the employer-to-employer (EE) transition rate up to the Great … rate increased commensurately with the decline in unemployment. We then decompose the channels through which a change in EE …