persisting increases in unemployment. This paper analyses the impacts of the crisis on euro area labour markets, paying … accelerate the adjustment capacity of euro area labour markets and help reduce the current high levels of structural unemployment …

Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …

Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …

lower output and higher unemployment. Central banks can reduce these costs through accommodative monetary policies but …