Unemployment in the United Kingdom has fallen from high European-style levels to US levels. I argue that the key … monetary policy as an institutional change that reduced inflationary pressures in the face of falling unemployment. The decline …

Unemployment in the United Kingdom has fallen from high European-style levels to US levels. I argue that the key … monetary policy as an institutional change that reduced inflationary pressures in the face of falling unemployment. The decline …

create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …

policy-oriented studies have dealt with the evolution of unemployment in 2020, often country by country, this article focuses … on the evolution of unemployment as well as inactivity across European countries. Indeed, previous crises have typically … lead not only to more unemployment but also to larger numbers of discouraged unemployed and thus more inactivity. It …

policy-oriented studies have dealt with the evolution of unemployment in 2020, often country by country, this letter focuses … on the evolution of unemployment as well as inactivity across European countries. Indeed, previous crises have typically … lead not only to more unemployment but also to larger numbers of discouraged unemployed and thus more inactivity. It …

-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change … hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can …