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This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …
Persistent link: https://www.econbiz.de/10009635968
capable to generate business ßuctuations, driven by self-fulÞlling belief, characterised by unemployment persistence. A …
Persistent link: https://www.econbiz.de/10009635902
general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …
Persistent link: https://www.econbiz.de/10009636527
On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment … rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …
Persistent link: https://www.econbiz.de/10009661734
feature of the Finnish economy compared with that of Sweden and Denmark is the higher level of unemployment. In the early 1990 … adapt. The spectacular recovery of the Finnish economy has pushed up labour demand. While unemployment has fallen back from …
Persistent link: https://www.econbiz.de/10009668588
Persistent link: https://www.econbiz.de/10009668589
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …
Persistent link: https://www.econbiz.de/10009635980
This study poses the question about whether labour market institutions can explain unemployment rates in the ten new … European Union member states. In five out of the ten new member states, unemployment rates lie above the average in the 15 … part of unemployment in the new EU member states. This does not mean that these countries have no labour market problems …
Persistent link: https://www.econbiz.de/10009636570
Persistent link: https://www.econbiz.de/10009636790
Website with information about the enlarged European Union.
Persistent link: https://www.econbiz.de/10009636791