Concept
Natural rate of unemployment
Related publications (20)
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 ...
2022ReMoTe-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 ...
2021Regional Effects of Exchange Rate Fluctuations
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 ...
2020Monopsony, Wage Bargaining and the Phillips Curve
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 ...
2020Dampened expectations in the Phillips Curve: A note
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 ...
2019Job turnover, expectations, and the Phillips Curve
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 ...
2019New approaches for track reconstruction in LHCb's Vertex Locator
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 SCIENCES2019Quantifying 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 ...
2018Investment Dynamics with Natural Expectations
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