This paper investigates the impact of inflation in different states of unemployment: evidence with the Phillips curve … in South Africa. The contribution of this paper is to examine the impact of inflation on different states of unemployment … there are 2 states of unemployment mean rates of 25.55% and 33.59%, expected to run for 67 and 7 quarters, respectively …

unemployment benefits in response to an unemployment shock in a simple, reduced-form model of the labor market. It is found that …. Adjustment costs of changing benefits can introduce hysteresis in benefit setting and unemployment. Both (very) bad and good … temporary shocks (including monetary) can permanently reduce unemployment benefits and the unemployment rate. A desirable …

OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a … unemployment by the first principal component. This factor has a natural interpretation as a measure of global expected returns … estimate a model of unemployment adjustment, which allows for the influence both of the global factor and of labour market …

policy in explaining the movements of the unemployment rate? The paper develops the theory and seeks to ask how much non …This paper builds upon Hoon and Phelps (1992, 1997) to ask how much of the evolution of the unemployment rate over … the evolution of unemployment rates in Europe as it recovered from the second world war and caught up technologically to …