of jobs. In case of long-term massiv e unemployment, there is also an option for introduction of universal basi c income …

structural model encompassing the disaggregated and disequilibrium labor market. We also estimate real effective exchange rate …

provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore … the household's main income source consists of wage income or capital income and profits. …

provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore … the household's main income source consists of wage income or capital income and profits …

slightly fallen. Wages have been rising for workers at the bottom of the wage distribution. From the median of the wage …

slightly fallen. Wages have been rising for workers at the bottom of the wage distribution. From the median of the wage …

an .anti-growth-bias. of the ECB. Therefore, the Euro area was plagued with nominal wage restraint, high unemployment and …Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union … (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this …

We develop a money-in-the-utility-function model with two features. One is that a Phillips curve relationship between … nominal wages and unemployment appears because of efficiency wages. The other is that as in the Japanese economy since the … early 1990s, unemployment attributable to aggregate demand deficiency arises even in the long run. We analyze the effect of …

policy in tighter labor markets. The effect builds up over time and is long lasting. We develop a New Keynesian model with …