device to a graphical representation of full employment to an axiom necessary for matching models of unemployment. This …

The establishment of appropriate policy measures for fighting unemployment has always been difficult since causes of … unemployment are hard to identify. This paper analyses an approach used mainly in the 1960s and 1970s in economics, in which … classification is used as a way to deal with such a complex, multiple causal phenomenon like unemployment. The method is based on …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

consider the implications of a risk premium that arises from endogenous market segmentation driven by variable inflation rates …. In the absence of autocorrelation in inflation, the risk premium is constant. If inflation is correlated, however, the …

A key application of long memory time series models concerns inflation. Long memory implies that shocks have a long … such level shifts are not unlikely for inflation, where the shifts may be caused by sudden oil price shocks, we examine … exaggerated. Our main findings are that apparent longmemory is quite resistant to level shifts, although for a few inflation rates …