By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … policy ; model uncertainty ; Bayesian model averaging ; unemployment gap ; Taylor rule …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

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 …

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

International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than … circumstances a passive regime may induce co-operation in wage setting, and thus lower unemployment, when a stricter regime would …