Inflation has become much less sensitive to movements in unemployment in recent decades. A common explanation for this … unemployment gap which underlie the OECD’s Economic Outlook projections. The former OECD specification can be characterised as a … backward-looking specification, the anchored expectations approach also tends to imply larger unemployment gaps for those …

picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The …

to facilitate hiring dynamics and to minimise long-term unemployment and scarring risks among vulnerable groups who have …

model that features endogenous producer entry, equilibrium unemployment and costly job creation and destruction. Unlike in …, but some of them -- such as job protection reforms -- are found to increase unemployment temporarily. Implementing a broad …