This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by … unemployment is haunted by hysteresis. The curious history of the natural rate hypothesis is considered, curious because the … regarding hysteresis effects on output and unemployment is then reviewed. …

This paper restates the post-Keynesian view of unemployment within a NAIRU framework. In the short run, the private … unemployment performance. We provide econometric evidence that the post-Keynesian view holds up well in the recession following the …

paper attributes this stagnation directly to the prolonged period of high unemployment. It notes research showing that the … unemployment in the late 1990s. Given current economic and political trends, it is unlikely that we will again see a level of … unemployment low enough to support broad-based real wage growth in the near future. …

quantitative indicator of labor market conditions. Long-term unemployment decreased substantially in the years after the reform …, and the trend of continuously increasing systemic unemployment was reversed. At the same time, the extreme shock to the … an all-time high, and several regions, especially Southern Germany, are close to full employment. One should also stress …

The idea of a job guarantee (JG) to tackle unemployment has become popular again over recent years. Critics often point …

unemployment rates. I employ a difference-in-difference method to estimate the impact on inflation, the unemployment rate, and … then empirically assess the effect of both inflation-targeting and non-inflation-only targeting policies on inflation and … their volatilities in both 10 inflation-targeting (single-mandate) and 11 non-inflation-targeting (multiple …