This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of … suffered from recession but no structural problems; the United States suffered from structural unemployment during the recovery …; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is broken down …

unemployment has been successfully estimated for several countries. The Cobb-Douglas restrictions with constant returns to scale …

This paper is an empirical analysis of unemployment patterns in the OECD countries from the 1960s to the 1990s, looking … at the Beveridge Curves, real wages as well as unemployment directly. Our results indicate the following. First, the … unemployment. Finally, broad movements in unemployment across the OECD can be explained by shifts in labour market institutions …

Unemployment in Britain has fallen from high European-style levels to US levels. I argue that the key reasons are first … the reform of monetary policy, in 1993 with the adoption of inflation targeting and in 1997 with the establishment of the … an institutional change that reduced inflationary expectations in the face of falling unemployment. The decline of trade …

unemployment-inflation tradeoff might indicate not something to be exploited but instead only policy-makers' correctly …

inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find … that if long-run inflation is one percent higher, the number of individuals with negative real pay growth increases by …

This paper presents a political economy model of inflation as a result of social conflict. Agents are heterogeneous in … terms of income. Agents' income levels determine their ability to hedge against the effects of inflation. The interaction of … model makes a number of predictions concerning which environments are conducive to the emergence of inflation. Inflation …

dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is …