Chelini, Michel-Pierre; Prat, Georges - Institut de Préparation à l'Administration et à la … - 2013
- Jackman (1991)), this paper aims to give a simple and simultaneous representation of the dynamics of the unemployment rate and …-PS system, we show that the equilibrium rate of unemployment is made of a chronic component due to an excess of the real labor … social cost of unemployment implies that the observed rate of unemployment adjusts gradually towards its equilibrium value …