This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of … suffered from recession but no structural problems; the United States suffered from structural unemployment during the recovery …; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is broken down …

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

most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …