Concept

Natural rate of unemployment

Related publications (20)

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How to compete with robots by assessing job automation risks and resilient alternatives

Dario Floreano, Nicola Nosengo, Rafael Lalive, Fabrizio Schiano, William John Stewart, Davide Zambrano, Antonio Paolillo

The effects of robotics and artificial intelligence (AI) on the job market are matters of great social concern. Economists and technology experts are debating at what rate, and to what extent, technology could be used to replace humans in occupations, and ...

2022

ReMoTe-S. Residential Mobility of Tenants in Switzerland: an agent-based model

Claudia Rebeca Binder Signer, Anna Pagani, Emanuele Massaro, Francesco Ballestrazzi

Accounting for a fourth of the CO2 emissions and total energy consumption in Switzerland (IEA, 2018), housing plays a crucial role in the transition towards the sustainability of urban systems. Although new technologies have been developed to tackle the en ...

2021

Regional Effects of Exchange Rate Fluctuations

Christian Pröbsting

We exploit differences across U.S. states' exposure to trade to study the effects of changes in the exchange rate on economic activity. Across states, trade-weighted exchange rate depreciations are associated with increased state exports, reduced state une ...

2020

Monopsony, Wage Bargaining and the Phillips Curve

Charles Cosme Henri Dennery

With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms -- whether we have monopoly or monopsony power. This paper provides a model of wage bargaining in the labour market where workers have monopoly power over ...

2020

Dampened expectations in the Phillips Curve: A note

Charles Cosme Henri Dennery

Dampened inflation expectations have a significant impact on the New Keynesian Phillips Curve. This dampening not only flattens the long run Phillips Curve, but it can also lead to a bias in the estimation of its short run slope. It also affects the respon ...

2019

Job turnover, expectations, and the Phillips Curve

Charles Cosme Henri Dennery

Job turnover makes a wage Phillips Curve less forward-looking, with a smaller coefficient for inflation expectations. Workers discount future wage income with a low discount factor if there is a strong flow of job turnover; this implies that future inflati ...

2019

New approaches for track reconstruction in LHCb's Vertex Locator

Victor Coco, Sébastien Ponce

Starting with Upgrade 1 in 2021, LHCb will move to a purely software-based trigger system. Therefore, the new trigger strategy is to process events at the full rate of 30MHz. Given that the increase of CPU performance has slowed down in recent years, the p ...

E D P SCIENCES2019

Quantifying the Benefits of Labor Mobility in a Currency Union

Unemployment differentials are bigger in Europe than in the United States. Migration responds to unemployment differentials, though the response is smaller in Europe. Mundell (1961) argued that factor mobility is a precondition for a successful currency un ...

2018

Investment Dynamics with Natural Expectations

Andreas Fuster

We study an investment model in which agents have the wrong beliefs about the dynamic properties of fundamentals. Specifically, we assume that agents underestimate the rate of mean reversion. The model exhibits the following six properties: (i) Beliefs are ...

2018

Magnetogenesis In Natural Inflation Model

Oleksandr Sobol

We study the process of inflationary magnetogenesis in the natural single-field inflation model, whose parameters are chosen in accordance with the recent observations by the Planck collaboration [1]. The conformal invariance of the Maxwell action is broke ...

BOGOLYUBOV INST THEORETICAL PHYSICS NATL ACAD SCI UKRAINE2018