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 …

made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …

unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …

a comparative perspective some of the issues like unemployment, role of the state and market, domestic versus foreign …

the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …

This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence … on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in … two respects. First, we consider not only the response of total unemployment but also the response of unemployment by …

This paper examines the dynamic relationships that exist between output growth and unemployment and assesses the role … support for the hypothesis of non-linearity in the dynamic relationship between output and unemployment. We therefore … dynamic relationship is non-linear and hump-shaped. At unemployment rates below the threshold of 5.5%, the relationship is …

his early writings on unemployment. We aim to show that Rueff distinguishes the root causes of permanent unemployment in … the cause of unemployment in the stickiness of the wage/price ratio. Hence, arguing that reality remains inaccessible in … itself, Rueff focuses on a succession of variables (price, wage, unemployment), supplemented by his concepts of rational ego …

This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence … on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in … two respects. First, we consider not only the response of total unemployment but also the response of unemployment by …