In this paper, we show that underemployment and not necessarily high unemployment becomes the main measure of economic … and cost shocks can explain movements of unemployment and underemployment in opposite directions, while demand and supply … employment record and the absence of wage pressures despite low unemployment rates after the Great Recession …

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …

We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage …

Linear relationships between inflation, unemployment, and labor force are obtained for two European countries - Austria … and France. The best fit models of inflation as a linear and lagged function of labor force change rate and unemployment … inflation for the next ten years. In France, inflation lags by four years behind labor force change and unemployment allowing …

revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general …-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …

temporarily reduce unemployment and increase wages in periphery countries at the cost of somewhat higher unemployment in receiving …