recessionary effects, notably when it comes to investment, and triggers a persistent rise in unemployment and in the real interest …

Empirically, unemployment is highly volatile while inflation displays inertia, even though marginal cost is pro … unemployment in the Great Recession. Moreover, inflation inertia is made consistent with pro-cyclical marginal cost since the …

This article analyzes the hysteresis hypothesis in the unemployment rates of the four French overseas regions … root and so find evidence supporting hysteresis in the unemployment rates for the FORs …

. Thus, such reforms are not sufficient by themselves to reduce the unemployment rate and to stimulate production and …

unemployment rate) has drastic welfare implications in the union. Reforming the domestic labor market by a stronger regulation …

unemployment spells. Among other public policies aiming at reducing this duality, financial incentives could induce employers to …-market characteristics and calibrated on French data. A gradual decrease in unemployment contributions or a firing tax reduces the duality … but increases market rigidity and lowers labor productivity. However, decreasing unemployment contributions gradually is …