unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …

This article examines persistence and nonlinearity in the US unemployment rate in the post-war period by using a regime … tests and describes unemployment behavior better over the business cycle in the sample. While shocks to US unemployment … dissipate in expansions, shocks to the unemployment rate seem to be persistent in recessions, supporting the hysteresis …

found to perform well. Empirical results are presented for total time outside the unemployment state for participants in the … significantly longer times outside the unemployment state. There are strong indications of selection effects. …

found to perform well. Empirical results are presented for total time outside the unemployment state for participants in the … significantly longer times outside the unemployment state. There are strong indications of selection effects. …

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …