surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …

This paper studies the role of unemployment in sterling's interwar experience. According to most narrative accounts …, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British … currency crises, highlights the conflict between the objective of low unemployment and defense of the currency and show that it …

unemployment, and relatively greater income equality, in contrast to the opposite path being pursued by the United States. While … structural shocks may initially create a positive tradeoff between productivity and unemployment, they set in motion a dynamic … theoretical contributions of this paper are to show how a productivity-unemployment tradeoff might emerge and how it might …