Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … the Anglo-Saxon countries, but institutional rigidities in continental Europe (‘Krugman hypothesis’). An alternative view … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of …This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … unemployment that may account for a changing pattern in the unemployment inflation tradeoff. Moreover, it analyzes whether the …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers’ bargaining power, the level of unemployment benefits and the payroll tax rate. …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …

We sketch a visionary strategy for Europe in which full employment is quickly regained by 2020, where income inequality …

and effects of youth unemployment using micro-data. It argues that there is convincing evidence that the young are … particularly susceptible to the negative effects of spells of unemployment well after their initial experience of worklessness …. Because the current youth cohort is relatively large, the longer-term outlook for youth unemployment is quite good, but there …

the onset of the Great Recession, underemployment among older workers has been growing more rapidly than unemployment …

-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment … using microdata. We argue that there is convincing evidence that the effects of unemployment when young impose costs on … individuals and society well into the future. Though the effects of current policies on youth unemployment are uncertain, there is …