In this article it is shown that when the effects of an increase in unemployment subsidies are studied in a general … equilibrium framework, unemployment increases far less than in a "partial-partial" model, or may even decrease. …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity … intermediate step between unemployment and wage inflation. Contributions by Kuh, Solow and Stiglitz in the late sixties follow this …, it is hard to derive the desired result that the wage share increases when unemployment falls. Monopolistic price …

in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We …How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive …