unemployment vary both with large versus small real exchange rate disequilibria and rising versus falling unemployment regimes. The … adjustment in periods of falling unemployment. This implies that prices and wages are more flexible when real output is high … demanding and getting higher wages. Unemployment is reduced following gains in competitiveness when the real exchange rate is …

Differences in regional unemployment rates are often used to describe regional economic inequality. This paper asks … whether changes in regional unemployment differences in West Germany are persistent over time. Only if such changes are … dispersion of unemployment rates. Our analysis follows a time-series approach to economic convergence and we test whether …

closed economy, this paper concludes that, with the expansion of capital stock both the unemployment rate and the absolute … amount of unemployment will decrease. In an open economy, this paper sets up an asymmetric model, of which only one region … has fixed wage rate. It will help us to investigate how the trading cost would affect the unemployment and output of the …

both the vacancy- unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching …

-restraining effect of the tax proposed by Jackman and Layard, but in addition should help to speed the elimination of unemployment that …