. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

Unemployment in Britain has fallen from high European-style levels to US levels. I argue that the key reasons are first … the reform of monetary policy, in 1993 with the adoption of inflation targeting and in 1997 with the establishment of the … an institutional change that reduced inflationary expectations in the face of falling unemployment. The decline of trade …

I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …

finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the …