explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark … demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …

This paper examines whether a greater concentration of foreigners increases the likelihood of unemployment in local … labor markets among citizens of the European Community. It provides the results of probit equations estimating the … labor markets. The estimates show a statistically significant, but weak, negative connection between the concentration of …

How does central bank conservatism affect labor market reform? In this paper we examine the economic forces at work. An … increase in conservatism triggers two opposite effects. It reduces the inflation bias of discretionary monetary policy and … hence the benefits of a reform. It also increases unemployment variability, which increases the precautionary benefits of a …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to … consumption, more attractive. Less consumption is associated with less output and therefore higher unemployment. To the contrary …

features that are lacking in the basic income proposal. A discussion of modern finance and labor market dynamics renders the …