This paper points out an empirical failing of real business cycle models in which unemployment is endogenized through a matching function. One can easily choose a calibration to make the cyclical fluctuation in unemployment as large in the model as it is in the data, or to make the response of...

Postaccession migration from Poland into the United Kingdom has been perceived by British experts as the most intensive and rapid inflow of foreigners in the whole postwar period of this country. Also from the Polish perspective emigration to the United Kingdom has been a large, if not the...