I consider an economy growing along the balanced growth path that is hit by an adverse shock to its capital … assess workers' performance, the discipline device role of unemployment may account for sharp declines in employment and … wages may prevail in equilibrium: the large movements in unemployment are indeed associated with real wage rigidity, which …

speed up re-employment. While largely irrelevant for unemployment duration, contacts� quality is a significant determinant …

The labour market status of many non-working persons is at the boundary between unemployment and inactivity. Like the … definition of unemployment. In this paper we examine by non-parametric tests how the transition probabilities of these out …

is applied to a bivariate VAR of output growth and changes in the unemployment rate for the US economy. The nonlinearity … is found to be statistically significant only in the unemployment equation and it transmits to GNP through the cross …

The fall in employment and the increase in unemployment rates in Italy in 2009 were fairly modest, given the sharp drop …, the rise in the unemployment rate has been curbed by extensive recourse to temporary income support schemes to reduce …

is applied to a bivariate VAR of output growth and changes in the unemployment rate for the US economy. …

wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …