level. However, as a result of the Great Recession of 2007 and the subsequent Eurozone Crisis a number of periphery …

years due to high inflation and the economic recession in 1996. The unemployment rate is high: in 1993 it reached 21%; by …

-deep” recession). Over the last 64 years (from 1948), all 6 maximums of the solar activity were preceded by minimums of the US … unemployment rate, and the spikes in the unemployment rate followed with lags of 2-3 years. On the world scale, over the last 44 … years (for which the data is available), all 4 maximums of the solar activity overlapped with minimums of the unemployment …

in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … employmentpopulation ratio; only 20 percent of the actual volatility of the unemployment rate is accounted for; and the labor market …

generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … the variables of interest. For roughly half of the OECD countries in the sample, the unemployment rate, real wages, and … adjust faster to the long-run equilibrium, while shocks to unemployment take longer to extinguish. Also, according to the …