shocks temporarily increase unemployment. Positive labor demand shocks increase employment, depress unemployment, rise real … average wages, and were found to be the main determinant of variability of employment and unemployment in the short-run. In … employment and unemployment. The retrospective simulations of the model show that Baltic states and Poland were significantly …

We study the Danish unemployment experience 1905-92 using a common trends model with cointegration constraints. To … justify the identifying assumptions about the cointegration vectors and the common trends we present a simple macroeconomic … model of the labor market. The model determines the long run behavior of labor productivity, employment, unemployment, real …

This paper examines the determinants of the wage level and the relation between the wage level and unemployment in … Sweden between 1982 and 2002, using a cointegrated VAR approach. The long-run relation between wages and unemployment is … rigidities are present in the Swedish labour market and that these rigidities may cause higher unemployment. Furthermore, trade …

determinant of employment and unemployment variability in the short-run. The retrospective simulations of the model show that the …

exposition in the subject, making emphasis in his contributions to the short-run analysis of unemployment, wages and prices in … unemployment, looking at the use of concepts like involuntary unemployment, macroeconomic equilibrium and imperfect information … incomplete and imperfect, and that his hypothesis tumbles down if the natural rate of unemployment is endogenous and changes with …