Economists have two standard explanations for the absence of substantial nominal wage pressures in the current …

Most OECD economies have suffered from persistently high unemployment since the mid-1970s as a result of demand …; and (b) the Job Guarantee, which is an open ended, fixed wage buffer stock of employed workers. The government offers a … fixed wage to anyone willing and able to work, and allows market forces to determine the total quantity of government …

that unemployment is due to a lack of aggregate demand and that active labour market policies and demand management can … help, we argue that there are significant problems of operating a job guarantee scheme at a fixed money wage. The job …

the unemployment rate in Australia over the period 1979-1998. The Hodrick-Prescott filter is employed to extract the …

wage inequality in Australia and other industrialised countries. This paper employs a probit analysis of the Survey of … Employment and Unemployment Patterns data (ABS, 1997) to identify the determinants of low paid employment in the male and female …

This paper examines the Beveridge Curve, the relationship between the unemployment and vacancy rates. Both variables … basis for the decomposition of changes in the unemployment rate over the sample period and (b) to compute the structural … unemployment rate by setting the vacancy rate at the level at which output is at its potential. …

Cyclical asymmetry has been recognized as a non-linear phenomenon in recent studies examining unemployment rate time … forecasting unemployment rates in mind, it seems intuitive that models should reflect this change in structure by incorporating …. Accordingly, this paper evaluates the point forecasts from models of the monthly, aggregate Australian unemployment rate series …

The existence of downward nominal wage rigidity has been used to argue against the adoption of zero inflation targets …. Investigations of nominal wage flexibility in Australia have been hindered by a lack of suitable data. Using a unique and unpublished … microdata set, we find strong evidence of downward nominal wage rigidity. The idea that firms are able to circumvent wage …