margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

European Commission, where the labour market equilibrium is determined by firms’ labour demand, unemployment and interregional … confirm that wages and unemployment are by far the most important channels of labour market adjustment in the EU. In contrast …

-curve with unemployment, and inter-regional labour migration. The RHOMOLO model is parameterised by estimating the key structural …, and assess the impact on regional labour markets. Our results con?rm that wages and unemployment are by far the most …

margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

model is then modified to incorporate labour market imperfections in OECD countries that could generate unemployment, namely … policy since unemployment increases in the short-run, but that the carbon tax revenue generated can be recycled so as offset … due to the increased unemployment that such policy may entail; second by creating the possibility of a double dividend …

supply and observed unemployment rate. Our approach to labour market in the New Keynesian DSGE model follows papers of Galí … the labour supply preference shock) and use the results to explain the evolution of unemployment in the period of 1999–2011. …

unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and … unemployment results, which may explain the persistence of high unemployment in Europe. If all general equilibrium effects are … incorporated at once, again low real wages and low unemployment results. We thus obtain a hump-shaped relationship between the …

that the European unemployment problem can be traced back partially to insufficient recognition of general equilibrium …

unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production … leading to a rise in unemployment. Moreover, we identify polar cases when unemployment strongly decreases. …