, sector division, unemployment and welfare. …

economies face since the early nineties, the problem of lasting high unemployment. Contrary to the current German discussion … countries. -- The first chapter contains the main standard textbook models and paradigms explaining lasting high unemployment …. The question in the second chapter is if it is possible to fight unemployment with the help of macro policy on a purely …

the unemployment rate in Australia over the period 1979-1998. The Hodrick-Prescott filter is employed to extract the …

This paper examines the Beveridge Curve, the relationship between the unemployment and vacancy rates. Both variables … basis for the decomposition of changes in the unemployment rate over the sample period and (b) to compute the structural … unemployment rate by setting the vacancy rate at the level at which output is at its potential. …

Cyclical asymmetry has been recognized as a non-linear phenomenon in recent studies examining unemployment rate time … forecasting unemployment rates in mind, it seems intuitive that models should reflect this change in structure by incorporating …. Accordingly, this paper evaluates the point forecasts from models of the monthly, aggregate Australian unemployment rate series …

Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a … natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is …