Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

unemployment and maximum employment approaches; and the unfilled vacancies perspective. Furthermore, we provide and discuss …

opportunities, here expressed as the unemployment rate differential for each single territory with respect to its surroundings …

firms are more cyclically sensitive to unemployment. Besides, the VAR impulse response analysis suggests that workers move …