policy in explaining the movements of the unemployment rate? The paper develops the theory and seeks to ask how much non …This paper builds upon Hoon and Phelps (1992, 1997) to ask how much of the evolution of the unemployment rate over … the evolution of unemployment rates in Europe as it recovered from the second world war and caught up technologically to …

OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a … unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns … estimate a model of unemployment adjustment, which allows for the influence both of the global factor and of labour market …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

. Unemployment decreases markedly and regular employment rises. At present, virtually all professional forecasts expect this upswing … unemployment figures consist of merely cyclical components or, in other words, which part of joblessness can be labeled as … "structural". "Structural" unemployment, however, is a loaded word since there is no clear cut consensus about its meaning, let …

In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … unemployment were the result of the struggle between the wage and price setters trying to influence the distribution of income to … a rising rate of unemployment. Our hypothesis was inspired by the observation that the statistical Phillips curves are …

stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment … the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States … following the Great Recession. -- Sectoral shifts ; reallocation ; natural rate ; unemployment ; turbulence ; stochastic …

measure construction and technology busts) have little effect on the natural rate of unemployment or on long run productivity … of unemployment and can count for a 0.5% rise in cyclical unemployment from 2007 through the end of 2009 and 0.3% through … the beginning of 2011. -- Mismatch ; sectoral shifts ; reallocation ; natural rate ; unemployment ; Great Recession …