Around the world, central bankers closely monitor monthly unemployment statistics. A nation's assessment of the optimal … a modification of the unemployment metric would provide a more accurate picture than is currently on offer …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … the Anglo-Saxon countries, but institutional rigidities in continental Europe ('Krugman hypothesis'). An alternative view … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

Switzerland, traditionally a "zero unemployment" economy, has seen an unprecedented rise in joblessness in the 1990s … although unemployment fell again to a rather low level after 1997. This paper tests whether Switzerland experienced a negative … shock and find that they were rigid, which can explain the relative unemployment increase for this group. Finally, I test …

interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …