The common view that far-reaching labour market deregulation is the only remedy for high European unemployment is too …

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …