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 …

estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …

The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with … evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …

A common method of evaluating the scope for demand expansion is to try to estimate a threshold rate of unemployment … above which policies of demand stimulus are non-inflationary. However, this non-accelerating inflation rate of unemployment … popular argument that the NAIRU itself depends on the time-path of previous actual unemployment. This effect has been …