surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …

and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

relates measured unemployment to vacancies and to excess demand. The model has a more sophisticated treatment of dynamics than … earlier disequilibrium models, and uses measured unemployment as an endogenous variable. Two of the error terms are assumed to … estimates computed in various ways are reasonable. The model is used to estimate the natural rate of unemployment as well as a …