The increase in unemployment to relatively high levels for Switzerland in the 1990s gave rise to two fears: First, that … unemployment, i.e. the rate of employment that prevails even in favourable economic conditions, is on an increasing trend. This … "equilibrium" rate of unemployment exhibit a large spread and tend to follow actual rates. Our judgement is, that its increase over …

economies face since the early nineties, the problem of lasting high unemployment. Contrary to the current German discussion … countries. -- The first chapter contains the main standard textbook models and paradigms explaining lasting high unemployment …. The question in the second chapter is if it is possible to fight unemployment with the help of macro policy on a purely …