-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …

The persistence of high unemployment has been one of the most puzzling developments of the past twenty years or so. In … the UK, unemployment averaged 2.1% between 1966 and 1973, and since 1974 it has risen to an average of 7.5%. The … prevailing view of the persistence of unemployment and of the continuous rise in the NAIRU is that explanations and solutions can …

The recovery from the recession after the financial crisis, in both the UK and the US, has been very slow compared with …

We investigate the role of energy shocks during the Great Recession. We study the behaviour of the UK energy and non … tested by indirect inference. Output contraction during the Great Recession was largely caused by energy price and sector …