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 …

This paper examines the determinants of Italian unemployment by estimating and utilizing a structural vector … autoregressive (VAR) model. Both long-run and short-run macroeconomic determinants of unemployment are examined; the latter are … forecasts of unemployment are produced. A number of scenarios are also constructed to highlight the effect of alternative labor …

hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a … large part of the recent rise in the unemployment rate may reflect an increase in the structural rather than the cyclical … component of unemployment. Various sources of labor market rigidities that may have contributed to the increase in structural …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …

The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …

The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

lead to unemployment surges, as firms are forced to cut costs when financing becomes expensive or is no longer available …. As a result, all countries with risk premium shocks saw unemployment surge, even as euro area core countries managed to … contain unemployment as firms hoarded labor during the downturn. Most striking, wage bills in euro area crisis countries and …