A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the MP framework...

This fourth issue for 2007 includes: a summary of current macroeconomic trends and prospects; an overview of the ERM statistics for the fourth quarter of 2007; details of the global restructuring plan at Unilever; restructuring at ZRE Katowice and more on restructuring in Cyprus.

A link between lack of employment and poverty is often made implicitly, but can rarely be enumerated in any sort of satisfactory manner. We would therefore like to ask the question: to what extent does acquiring employment increase a poor household’s probability of exiting poverty? Register...