Bentolila, Samuel; Dolado, Juan José; Jimeno, Juan F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
from
4% to 2% in the run-up to European Monetary Union (EMU) and then moving back
again to 3-4% since the 2000s. Thus, as … in unemployment. Finally, EMU could have contributed to the flattening of
the PC, as low inflation expectations became … forth
by EMU, the factors behind the other two changes are less evident.
According to some estimates, the NAIRU has fallen …