In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the … accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the …

Non-residential investment has fallen over the past 20 years as a share of GDP and is now lower than in several other … high-income OECD countries. Business investment growth has been weak since the outbreak of the global financial and … economic crisis. Government investment has been low, especially at municipal level. Investment in knowledge-based capital (KBC …

model is used to assess this development. In particular, estimation results for investment and employment adjustment after … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be … analysed with the same theoretical model for West and East Germany. However, the adjustment speed for investment differs …

model is used to assess this development. In particular, estimation results for investment and employment adjustment after … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be … analysed with the same theoretical model for West and East Germany. However, the adjustment speed for investment differs …

dynamic simulations that account for the swings of the unemployment rates before and after the 2007 crisis. Our results … productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries. …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

shocks affect employment and investment. When shocks reverse, unemployment may not fall to previous levels, due to … determination of unemployment and wages in Germany and the U.K. Underlying this proposition is the notion that capital accumulation … dramatic rise in unemployment in the 1980s was attributed to adverse supply shocks. However, after the reversal of the shocks …

consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed … light on differences across sectors but also compare these figures with investment in physical capital and with investment … intangible capital from 1995-2006 by 30%. Furthermore, results reveal differences in the investment patterns among the UK and …