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The study looks at the cyclical behavior of the markups and assesses its impact on inflation...

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage...

How important is luck in determining labor market outcomes? We address this question using a new...

This paper develops a general equilibrium model with unemployment and noncooperative wage...

U.S. fiscal outlook; U.S. inflation dynamics; Ireland, FYR Macedonia, El Salvador, Uruguay...

This paper explores the effect of trade on the relative wage of less-skilled labor through its...