natural level of rate of unemployment will rise and remain higher, and the full employment level is likely to decline. There …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …

of value added and employment, while many nontradable activities, especially services and construction, have expanded …

JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …-run unemployment over the 1980s and its rise during the late 2000s. …

unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall … results show that, prior to the recent global financial crisis, Poland's output and employment were both growing above …

growth. In 2004, growth was faster and more consumption-driven than in other large euro area countries. Employment growth in …