offset by extra unemployment; so the minimum wage increases the Non-Accelerating Inflation Rate of Unemployment or NAIRU …

This paper develops a constant, data-coherent, error correction model for broad money demand (M3) in Greece. This model … contributes to a better understanding of the effects of monetary policy in Greece and of the portfolio consequences of financial …

, technical change, and a productivity slowdown. We derive the consequences for the skilled-to unskilled wage gap, unemployment …This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a …

unemployment-rate movements, labor-market reforms (that affected the NAIRU), and productivity developments on inflation. In line … despite declines in unemployment rates. For the United States, these seemingly contradictory developments have been reconciled … in terms of three factors: (1) an acceleration in productivity, (2) structural changes in labor markets that lowered the …

I examine whether the cyclical behavior of unemployment has changed over the post WWII period. Specifically, I test … whether cyclical movements in unemployment have become more persistent. Finding that they have, indeed, become more persistent … payroll employment as well as unemployment and that increased persistence appears to be widespread across industries. At the …