, unrest lowers confidence and raises uncertainty; however, its adverse effect on GDP can be mitigated by strong institutions …

that happen in emerging markets. Stronger institutions, particularly better governance and more democratic systems …

unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …

This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with … endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment …, unemployment continues to be very high. The paper argues that an important part of the explanation lies in the decline of capital …

various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation …

impact on aggregate labor market performance and unemployment. In a two-sector labor market model with free mobility of labor …

where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …

This paper reviews conceptual linkages between taxation and unemployment, available empirical evidence and country … policy advice on these issues, and tax policy options in addressing the unemployment problem. It concludes that the emphasis … unemployment …