effects, low real wages and low unemployment are the result. With an intermediate view, i.e. when partial equilibrium effects … within a sector are taken into account, high real wages and unemployment result. If all general equilibrium effects are … simultaneously considered, we once again obtain a situation of low wages and unemployment. The assumption that unions and employers …

During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper … political constraints, the prevalence of ideology, and agency issues within those bureaucracies concerned with the unemployment … problem. Some speculative thoughts are offered as to why those factors might be more stringent in countries where unemployment …

Spain and Portugal are two neighbour economies which share many characteristics. Spanish unemployment is more than … double Portuguese unemployment, however. In this chapter we resort to Structural Vector Autoregression (SVAR) techniques to …, their effects on unemployment were much more long-lasting in Spain than in Portugal. …

English-speaking ones) together with stubbornly higher levels of unemployment in many others. Australia has shared in the rise … persistent unemployment, butnot to the degree that many continental European countries have. This situation provides the …

in the unemployment rate have been key ingredients to understand this falling trend. However, the inequality reduction …

In terms of output decline and increase in unemployment, the economic recession in Latvia that started during the 2008 …-09 financial crisis was one of the most severe in the world. Using both decomposition of the unemployment rate into structural and … cyclical components and Mortensen and Pissarides’ search and matching approach, we demonstrate that the changes in unemployment …