This paper investigates the dynamics of output, employment and prices in an economy with costs of adjusting labor and … economy is very different from the behavior of a single firm. The dynamics of the price level, aggregate employment and output … level is derived and is used to determine the dynamics of the price level, aggregate employment and aggregate output. It is …

manufacturing sector to the financial sector. That is, the share of the financial services in output increases and production … (output) decreases. The resulting decline in manufacturing sector output reduces consumption opportunities and represents … hypothesis that higher inflation increases the share of the financial sector output and employment relative to the manufacturing …

money has nothing to do with traded output, but everything to do with storing value. But now a new trade theory takes over … 1832. This magical empowerment of trade theory occurs as we add indirect trade formally. We put it in the familiar input-output … human behavior. The market economy is an institution of exchange, which is a matrix of real output. All economics now …

In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …

We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … taxes when financed either raising capital taxation or reducing unemployment subsidies. We find two main results: (i) with … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

present a comprehensive statistical and econometric analysis of employment, unemployment and participation in Poland in the … with some policy prescriptions. At the moment Poland exhibits the highest unemployment rate in OECD and one of the lowest … increase of unemployment in 1998- 1999 and its later persistence. We find that the supply-side characteristics and sectoral …

Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972 …) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in … which money is necessary as a means of payment. Involuntary unemployment occurs under indirect exchange, just when the …