; employment ; wage setting ; labour force participation ; labour market dynamics ; unemployment persistence ; imperfect … largely unexplored, set of determinants of the effectiveness of Keynesian and supply-side economic policies. -- unemployment … unemployment responsiveness …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal and quantitative …