unemployment can be attributed to the early retirement policies that were implemented in Europe from the 1970s up until the early … between turbulence and institutions explains most of the reduction in labor force participation among older workers in Europe … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …

Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment …, 𝑢𝑡 ∗ , in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the … inflation surge is attributed to temporary supply factors, we also find an important role for current and expected negative …

In contrast to the recently decreasing unemployment rates in the EU, long-term unemployment remains at alarming levels … standard measures of long-term unemployment and alternative measures of long-term non-employment. Next, we take a closer look …

In contrast to the recently decreasing unemployment rates in the EU, long-term unemployment remains at alarming levels … standard measures of long-term unemployment and alternative measures of long-term non-employment. Next, we take a closer look …

cycle and the different welfare regimes within Europe …

business cycle and the different welfare regimes within Europe …

disparity in the United States and continuing high unemployment in Europe. She suggests that since the transformations will …

Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected … just over 10000 observations, we predict changes in the unemployment rate 12 months ahead. We do so using individuals …