Gökten, Meryem; Heimberger, Philipp; Lichtenberger, Andreas - 2024
This paper analyses deviations from full employment in EU countries, compared with the US and the UK. We apply the … Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … 1970-2022, we find full employment episodes in selected EU countries (Germany, Sweden, Austria, Finland) during the 1970s …