To what extent can the persistence of very high unemployment rates in most of the European countries be attributed to … point between unemployment and real interest rate. Within this model and devising a new Bayesian approach, the weak and … exogenous, providing support to the hypothesis of long run causation of interest rates on unemployment after 1974. Short term …

This paper examines the determinants of equilibrium wage and unemployment rates in Belgium within the framework of a … this stage is then used to estimate a three-equation econometric model explaining the wage share, the unemployment rate and … the capital gap. The slowdown in world trade is depicted as the most important factor explaining the rise in unemployment …