Measures aimed at reducing the tax burden on labour have been advocated to alleviate the EU unemployment problem. Most … of the analyses document a relationship between the unemployment rate and the tax burden on labour. Hence, it is not … possible to discern whether the effect on unemployment derives from labour demand, labour supply or through the wage formation …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

exercises indicate that recent findings of the conduciveness of good institutions, and, to some extent trade, on levels of TFP …

affecting UK labour market conditions. When the real exchange rate is undervalued, short-run unemployment falls as firms respond … to an improvement in domestic competitiveness by increasing their demand for labour. The unemployment response to the … reflects monetary policy considerations, our results imply that unemployment can be targeted by economic policy. Our results …

unemployment vary both with large versus small real exchange rate disequilibria and rising versus falling unemployment regimes. The … adjustment in periods of falling unemployment. This implies that prices and wages are more flexible when real output is high … demanding and getting higher wages. Unemployment is reduced following gains in competitiveness when the real exchange rate is …