The conventional wisdom is that high European unemployment is the result of job markets that are rigid and inflexible … spillovers. The evidence shows that macroeconomic factors dominate in explaining unemployment. These factors are robust to … changes in empirical specification. Labor market institutions do matter for unemployment, but not in the way conventionally …

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

unemployment persistence. …

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It … declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that … money has nothing to do with traded output, but everything to do with storing value. But now a new trade theory takes over …

In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …

We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … taxes when financed either raising capital taxation or reducing unemployment subsidies. We find two main results: (i) with … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

present a comprehensive statistical and econometric analysis of employment, unemployment and participation in Poland in the … with some policy prescriptions. At the moment Poland exhibits the highest unemployment rate in OECD and one of the lowest … increase of unemployment in 1998- 1999 and its later persistence. We find that the supply-side characteristics and sectoral …

Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972 …) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in … which money is necessary as a means of payment. Involuntary unemployment occurs under indirect exchange, just when the …

one of the classic subjects of analysis in economic theory, which has not been tackled in the studies carried out on … Spanish unemployment, focusing on demonstrating its long memory and generating macro-economic models with autoregressive … vectors in which the unemployment variable is presumed to be non-stationary and co-integrated. Its consideration in this …