’ relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To …. Shock responses are channelled via changes in unemployment, labour market participation, and spatial mobility. Our results … participation rates are the main adjustment mechanism in expansion, unemployment and spatial mobility become the central ones in …

overly long unemployment durations. We examine the infuence of previous wages on unemployment durations for workers after …

Purpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their … conduct dynamic simulation exercises and explore the determinants of unemployment. Findings – The analysis yields two main … findings. First, the capital stock was the most important determinant of the unemployment trajectory in both countries. This …

reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ``frictional growth,'' describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the … unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between … empirical analysis and find that the NRU explains only 33% of the unemployment variation, while frictional growth accounts for …