We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

renowned Danish miracle by evaluating their unemployment and inequality effects and their complementarities. We develop a … full Danish flexicurity set of policies (low employment protection, high unemployment benefits and workfare). Our results … show that implementing the Danish flexicurity concept in Germany would reduce unemployment and earnings inequality …

This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage …

This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a … unemployment. Hence, we estimate an interactive dynamics model for the US that includes wage-price setting and labour market … equations. We then evaluate the inflation-unemployment tradeoff and assess the impact of productivity, money growth, budget …

The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation … of macroeconomics. While one branch of the literature models inflation dynamics and estimates the unemployment rate … compatible with inflation stability, another one determines the real economic factors that drive the natural rate of unemployment …