This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … may be expected to play a substantial role in reducing unemployment, encouraging labour force participation, promoting …

This paper is aimed at investigating the effects of government intervention through unemployment benefits on …

incentives for lower income classes and to increase durations of unemployment. Standard studies measure work incentives based on … explained by the abolition of earnings-related unemployment assistance. …

-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …

partial evidence for our unemployment-overtime hypothesis. …

same employer. For some temporary employment leads to unemployment, particularly those with low human capital. Positioning …

This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our … standard limit distribution. The empirical results suggest that the US unemployment rate can be specified in terms of a … with path dependency rather than a NAIRU model with an underlying unemployment equilibrium rate, hence giving support to …

combat immigrant unemployment: training, job search assistance, and subsidised public and private sector employment. We find …