, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of … changes in either labour taxes or in unemployment benefits to labours costs is larger the higher are those institutional … variables. The paper also considers the effects of those institutions on the choice of labour taxes and of unemployment benefits …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are …

In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this … labour market institutions. Our aim is to explain the main sources of shocks to unemployment, and the most relevant features …

equilibrium, thereby generating unemployment in the ‘East’. This slows the migration of human capital towards the East, but …

and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent …

-industrial sector. The interaction of investment with unemployment creates a channel for potentially divergent long-run outcomes. If the …

local unemployment growth is high---overall, negative home equity is not an important barrier to labor mobility. …

wages and unemployment that follow shocks (symmetric or asymmetric) which can occur in the economy. We show that wages will … labour market (and sometimes unemployment). An `age of diminished expectations' following any productivity shock is then …