It has been argued that credit market frictions may contribute to high unemployment. Hence, we assess the relationship … significantly reduce the unemployment rate. Likewise, inflation and per capita GDP growth are found to have significantly affected … the evolution of the unemployment rate during the period under study …

Sims and Zha (1999, 2006), the empirical evidence for the U.S., the U.K., Germany, and Italy shows that it is important to … minor role in the asset markets of the U.S. and Germany; (ii) they substantially increase the variability of housing and …

, fiscal data; and (vii) analyze empirical evidence from the U.S., the U.K., Germany, and Italy. The results show that …

.K., Germany and Italy, for the period 1980:4-2009:4, encompassing macro, fiscal and financial variables. The results show that (i …

.K., Germany and Italy, for the period 1980:4-2009:4, encompassing macro, fiscal and financial variables. The results show that (i …

budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …

budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …

budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …

.K., Germany and Italy, for the period 1980:4-2009:4, encompassing macro, fiscal and financial variables. The results show that (i …