This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in … achieved by two types of Phillips curve mechanisms; one where the inflation/unemployment trade-off was triggered off for … rate and the interest rate. Excess wages and/or increasing cost levels in the tradable sector led to higher unemployment …

This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in … to lead to increasing unemployment, slowdown in productivity growth, higher interest rates, and loss of competitiveness … ; nominal and real convergence ; unemployment dynamics ; purchasing power parity ; cointegrated VAR …

depicted and its effects on formal and informal labour markets. The most important challenges for employment policy as well as …