Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993
This paper attempts to explain disparities among the unemployment experiences of different OECD countries in terms of … the `fragility' of the short-run unemployment equilibrium (the impact of labour market shocks on the short …-run unemployment rate) and the lag structure of the employment determination, wage setting, and labour force participation decisions …