This paper studies the impact of informality on the long-run relationship between inflation and unemployment in … money and credit coexist. An increase in inflation affects unemployment through two channels: the matching channel and the … unemployment. On the other hand, the lower impact of inflation on formal transactions where credit is partially available shifts …

This paper studies the effects and causal links between the shadow economy and the unemployment rate using a dynamic … suggests that there is a unidirectional and negative causality running from the unemployment rate to the shadow economy in the … shadow economy and unemployment rate. The sensitivity of the results makes the authors realize that institutional quality …

The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

proceedings outstanding against them. We employ a set of explanatory variables including long-term unemployment, socially excluded … the prevalence of debt enforcement proceedings, while long-term unemployment, the number of socially excluded localities …

institutions of labor market and remittances on unemployment. In our model, the remittances take the form of insurance against … involuntary unemployment. In this environment, it was shown that remittances sent by the diaspora provide consumption and savings … and increase the amount of national physical capital. Since the rate of unemployment decreases with the size of the …