This paper reconsiders the problem of unemployment in Europe at multiple geographic levels and through time from 1984to 2000. We employ a panel structure that permits us to separate regional, national and continental influences on European unemployment. Important local effects include the...

Using a VAR model of the American economy from 1984 to 2003, we find that, contrary to official claims, the Federal Reserve does not target inflation or react to inflation signals.ʺ Rather, the Fed reacts to the very realʺ signal sent by unemployment, in a way that suggests that a baseless...

Unemployment in the European Union (EU) is a serious problem that threatens to disrupt the integration of accession countries, the character of individual countries, and the continued existence of the EU. European integration poses a huge conundrum for European employment because the...