The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …

using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …

The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …

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 …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …