inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … which of the NAIRU estimation methods described in the literature can be applied to Hungary. In evaluating the results, the …

actual unemployment and long-term unemployment is estimated and found to be significant for the Euro Area and Germany … Arbeitslosigkeit bzw. der Langzeitarbeitslosigkeit für den Euroraum und für Deutschland signifikant geschätzt wird. Das Vorliegen von …

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …