This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment …

This paper analyzes if unemployment can be reduced through labor tax cuts that are financed in a revenue neutral way … saving technologies, irreversibilities, embodied technological progress and involuntary unemployment. Arguments are presented … unemployment since this puts more pressure on firms that are using old technologies to adopt a more efficient energy saving …

OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a … unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns … estimate a model of unemployment adjustment, which allows for the influence both of the global factor and of labour market …