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

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

using a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

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 …

), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response to … of the state dependence in the unemployment rate, 76 percent for the separation rate and 36 percent for the job finding …

This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with …

We investigate the effects of uncertainty shocks on unemployment dynamics in the post-WWII U.S. recessions via non … linear VARs in terms of (i) magnitude of the reaction of the unemployment rate to such shocks, and (ii) contribution to the … variance of the prediction errors of unemployment at business cycle frequencies. We discuss the ability of different classes of …