Purpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their recent labour market booms and slumps. Design/methodology/approach – Based on the empirical models of Karanassou et al., we conduct dynamic simulation exercises and explore...

Purpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their recent labour market booms and slumps. Design/methodology/approach – Based on the empirical models of Karanassou et al. , we conduct dynamic simulation exercises and explore...