We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

This article examines whether various macroeconomic policy shocks have different effects on overall unemployment rate … and the unemployment rate by different levels of education in Turkey. These effects are assessed for total, male and … female unemployment rates separately. To examine the relationship, a quarterly VAR model with a recursive order is employed …

and support from the West. We argue that East Germany is in trouble precisely because of the support it has received. This … underutilization, and unemployment arising from the decline of the tradable sector. …

rationale for a prolonged inverse relation between inflation and unemployment. The paper suggests that the interaction of … inflation persistence and unemployment persistence may offer a possible explanation of high and prolonged European unemployment. …This paper provides a new explanation of why inflation is sluggish in response to aggregate demand shocks and why …

unemployment rates about the behavior of labor markets and the causes of joblessness are useful. …

This paper investigates the relationship between labor force participation rate and unemployment rate in Turkey a … indicate that there is no long-run relationship between labor force participation and unemployment rates in Turkey. Thus …, unlike in the case of the developed countries the unemployment invariance hypothesis is supported in Turkey. …