the Bank of Russia acts as if it had two conflicting targets: inflation stabilization and low real exchange rate, or … for forecasting the medium run dynamics of inflation and nominal exchange rate. It is also shown that commonly used … quadratic loss function that models inflation and real sector stabilization is not relevant in depicting the Bank’s behavior. …

This paper develops a search and matching model of equilibrium unemployment, with on-the-job search, extended to both … large, an increase in labour market tightness increases the unemployment rate and then the ‘vacancies-unemployment …

its basic characteristics - labor force participation, employment, unemployment, hirings and separations, vacancies …