, two equilibria can result: one with a high networking rate, high average labor productivity, low unemployment and no … emigration (?West Germany?) and one with a low networking rate, low average labor productivity, high unemployment and a constant …

analysis. However, in the basic new Keynesian model, there is no unemployment, all variation in labor input occurs along the … leisure and consumption. In this paper, we incorporate a theory of unemployment into the new Keynesian theory of inflation and … unemployment can be derived and how the elasticity of inflation with respect to unemployment depends on structural characteristics …

/ Altman, Grubel, Orzag/Snower — which are presented and discussed. It turns out that a true unemployment insurance would be … against such a solution. For example, insurability is often denied on the ground that an unemployment insurance would be too …

quickly bring down unemployment and increase GDP significantly. Even former labor market "insiders" would gain as net wages … increase due to falling unemployment insurance contributions. …

focus on what has happened since the late 1990s. Since 1999 the unemployment rate has fallen by almost 7 percentage points … estimate this curve for Spain since 1980 and find that while the fall in unemployment over the last 8 years comes along with an … increase in inflation of 2.2 percentage points per year, the increase of the relative unemployment rate of immigrants vis …