This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It … main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition … theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly …

that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …

growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is … is determined by the level of human capital in the private sector and the rate of unemployment. The effects of various …

productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … unemployment is higher in Algeria than in other countries. The results are robust to various panel econometric methods and …

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 …

, conventional measures tend to severely overstate short–run output decline and inflation. In part the overstatement stems from … neglect of private sector activity, or from belated recognition of inflation previously disguised as quality improvements …. Superior growth and inflation indices are devised using a combination of official and black market prices …