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 … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …

policy? Notions of natural rates of unemployment and inflationary barriers to full employment fade away. Supply-side measures … can no longer been seen as adequate to deal with problems of unemployment and inequality. Questions of distribution of …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This … paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural … unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural …

This paper analyses the determinants of structural unemployment rates in a two-stage approach. First, time … drivers of structural unemployment. Consistent with earlier studies, the level of product market regulation, union density and … the unemployment benefit replacement rate also play an important role in explaining changes in the NAIRU although there is …

One of the key questions about the current economic recovery in the euro area is why the decline in unemployment … lower levels of hours per worker, implying that wage growth is less responsive to unemployment. Looking ahead, a significant …

This paper develops a general equilibrium monetary model with performance incentives to study the inflation-unemployment …

and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment …