OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a … unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns … estimate a model of unemployment adjustment, which allows for the influence both of the global factor and of labour market …

A medium-term relationship exists between share prices, normalised by labour productivity, and the rate of unemployment … in the OECD countries. A similar relationship appears to exist between unemployment and house prices. This helps explain … decadal changes in mean unemployment, such as the shift to higher mean unemployment in the Continental European countries in …

OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a … unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns … estimate a model of unemployment adjustment, which allows for the influence both of the global factor and of labour market …