surplus. Internal rebalancing has come with subdued activity—notably very high unemployment in the deficit economies⠅

Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation. …

natural level of rate of unemployment will rise and remain higher, and the full employment level is likely to decline. There … is a requirement of significant improvements in labor productivity and competitiveness, as well as reforms to further …

The Spanish economy suffered an unprecedented double-dip recession with the rising unemployment and public debt …