In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in many countries subject to a significant change in the early 1990's after the disinflation period. That period began between 1975 and 1980 after the first (or the second) oil price...

In all continental European countries there exist non-market mechanisms that determine or `regulate` wage rates for the low-paid. We consider the experience of three countries that have national minimum wages France, Belgium, and the Netherlands - and three where low wage rates are determined...