business cycle theory. The second section deals with imperfect information as an impediment to finding work: search theory …, implicit contract theory, and efficiency wage theory. The third section concerns labour market institutions as sources of …

Bargaining theory suggests that married women who experience a relative improvement in their labour market position …

stagnation and the long deflation are driven by different causes. …

occurs when unwanted deflation needs to be prevented or combated, but the central bank’s conventional monetary arsenal is …

After an absence of almost half a century, the spectre of deflation is once again haunting the corridors of central … banks and finance ministries in the industrial world. While preventing or combating deflation poses some unique difficulties … not present in preventing or combating inflation, deflation can be prevented and, if it has taken hold, can be overcome …