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In Western Europe in the last two decades the unemployment rate has increased during cyclical downturns only to persist … pattern of unemployment persistence, often termed hysteresis, is the United States. The following article examines the …
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In view of high and persistent unemployment in the European industrialised countries there is growing consensus that …
Persistent link: https://www.econbiz.de/10011461641
In view of high and rising jobless rates in the industrialized countries the solution of the unemployment problem … becomes a cardinal question for politicians and economists. What factors have determined the unemployment trend since the 1960 …
Persistent link: https://www.econbiz.de/10011470647
The persistently low wage and price growth in the EMU after the Great Recession of 2009 led some economic observers to conclude that the Phillips Curve has broken down and that the ECB should therefore reconsider its infl ation target. This study makes use of the considerable cross-country and...
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