This paper analyses the phenomenon of jobless growth in India and the US through the lens of employment elasticity …. Analytical results are derived for decompositions of both the level and change of aggregate employment elasticity in terms of … sectoral elasticities, relative growth and employment shares. Estimates of these decompositions are presented with employment …

unemployment that is in line with this empirical regularity and the findings for the other emerging markets and regional peers. We … European debt crisis. When investigating whether various expenditure components of GDP may cause different unemployment … improve forecasting of unemployment. …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage …