Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package … meaningfully progress in terms of providing useful recommendations for policy-makers, particularly in times of recession. Others …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …

hence in the U.S. price of gasoline after June 2014. Our analysis suggests that this decline produced a cumulative stimulus … investment and an additional stimulus of 0.04 percentage points reflecting a shrinking petroleum trade deficit. This stimulating … effect, however, has been largely offset by a large reduction in real investment by the oil sector. Hence, the net stimulus …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady …

We study empirically how various labor market institutions – (i) union density, (ii) unemployment benefit remuneration …