relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …

The relationship between unemployment and the rate of change of money wages in interwar Britain is re-examined. It is …-term unemployment did not act as a restraint on the growth of money wages. New estimates of the wage equation imply that the NAIRU rose … level of excess demand associated with the measured unemployment rate. In particular, the evidence suggests that long …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … regions wages respond predominantly). The hypothesis is tested on United Kingdom regional unemployment data from 1963 to 1979 …

We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections … dynamics of inflation. We combine this model with the `exchange-rate-regime' model of inflation and examine the experience of …

has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment … (which does little to restrain inflation). …

exercised a counter-inflationary leadership role in the 1980s. Evidence is provided that expectations of German inflation may be … thought of as having impacted more strongly on expectations of inflation in other EMS countries in the EMS period than on non …-EMS countries (the UK) and in earlier periods. Co-integration tests show inflation rates in partner EMS member countries to be …

dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour …

insight into the problem by examining the determinants of transitions between non-employment (or unemployment) and employment …