-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the … labour market performances in the European Union during the Great Recession, we can easily detect the existence of …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …

The natural rate hypothesis states that there exists an unemployment rate at which inflation is stable, and that this … unemployment rate is independent of aggregate demand shocks. The hysteresis hypothesis, in contrast, states that the long run … unemployment rate can be affected by aggregate demand shocks. While policy makers have warned of the risk of hysteresis since the …

-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …