inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …

This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada …. The cointegration analysis vindicates the existence of a long-run relationship between these two variables. This finding … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …

unemployment rate climbed to unprecedented levels and the growth rate of productivity decreased considerably. More recent times … fall in labor union power to have a significant easing effect on the unemployment rate, but also to be a major driver in …

global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and … sets of dynamic simulations which account for the swings of the unemployment rates before and after the 2007 crisis. Our … labour productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …

productivity and unemployment when public wages, to which they respond, are set through bargaining. Finally, manufacturing wages …