labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …

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

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 …

This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment …-productivity "trap", through the attrition of skills and work habits. We develop and calibrate a model along these lines for East Germany …

This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment …-productivity "trap", through the attrition of skills and work habits. We develop and calibrate a model along these lines for East Germany …

inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the … standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … rigidities. Second, labor turnover costs are the dominant source for the inflation-output tradeoff when both rigidities are …

1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

driver of the unusually small increase in German unemployment in the Great Recession. One possible explanation is that firms …

private households in Germany. In 2001, the difference is small for households consisting of at least three persons. For three … impeded by the system of social assistance. As a consequence, unemployment increased. … einer geringen Qualifikation behindert und zum Anstieg der Arbeitslosigkeit beigetragen. …