, focuses onthe impact on supply. We show that risk premium shocks reduce the output level thatmaximizes profit. They also lead … to unemployment surges, as firms are forced to cutcosts when financing becomes expensive or is no longer available. As a … result, allcountries with risk premium shocks saw unemployment surge, even as euro area corecountries managed to contain …

market. Ceteris paribus, a decline also decreases a country's unemployment rate and its citizens will pay more for imported … United Kingdom, and the United States. For each country, I estimate the effect of Brexit on exchange rates, GDP, unemployment …

productivity, when calculated as output per unit of effective labour input, is less cyclical than a simple measure of output per …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

study several aspects of Okun’s law in Macedonia between 2004 and 2016. Aggregate indicators show a link between output and … unemployment that is in line with other emerging markets and regional peers. We also find that the relationship has been somewhat … components of GDP may cause different unemployment reactions, an important issue that has not been sufficiently addressed in the …