causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in … beyond the tradeoff between the first moments of unemployment and infl ation provided by the short-run Phillips curve. Higher … volatility in ifln ation raises unemployment at low-frequency. Increased volatility in infl ation makes nominal wages more …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

opportunities, here expressed as the unemployment rate differential for each single territory with respect to its surroundings …