create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …

unemployment rate and money growth in influencing economic outcomes are also discussed. Today's standard theoretical approach to …

lead to unemployment surges, as firms are forced to cut costs when financing becomes expensive or is no longer available …. As a result, all countries with risk premium shocks saw unemployment surge, even as euro area core countries managed to … contain unemployment as firms hoarded labor during the downturn. Most striking, wage bills in euro area crisis countries and …