The unemployment rate in Germany after reaching a peak of 12.1% in 2005 began to decline steadily, and the improvement of the situation on the labour market followed even in the face of the global economic crisis after 2007. These positive trends, especially in comparison with other EU...

The concept of social system of production is one of the research perspectives by which the institutional arrangements of modern market economies are being analyzed. On this basis considerations can be made on distinctive arrangements in given countries, in line with the thesis of Variety of...

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...