Inflation has become much less sensitive to movements in unemployment in recent decades. A common explanation for this … change is that inflation expectations have become better anchored as a consequence of credible inflation targeting by central … unemployment gap which underlie the OECD’s Economic Outlook projections. The former OECD specification can be characterised as a …

A statistically significant relationship between the unemployment gap and inflation can be found for a clear majority … slack on inflation can often be dominated by other shocks, including imported inflation. The current Secretariat Phillips … curve specification assumes inflation expectations are anchored at the central bank’s target, although some experimentation …

contribution of each age group to total unemployment-rate differentials is also computed. An estimate of the sensitivity of age …-specific unemployment rates to the economic cycle is provided for OECD countries. France is one of the OECD countries having the highest …’s total unemployment rate differential with best-performing countries. Youth unemployment rate is especially sensitive to …

In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its … Monte-Carlo techniques, we do not find any evidence of such policy trade-off. In contrast, we find that reduced unemployment … associated with a weaker persistence of unemployment over time, which implies a lower volatility of unemployment in the long run …

Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to … unemployment and the associated challenges. This paper attempts to fill this gap by comparing the profile of transitions to work … transition of the youth from unemployment to employment fell dramatically. The fall is not due to changes in the composition or …