general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …

subsequent economic crisis. The aim of the text is to describe changes in the field of employment and unemployment, as well as …) in relation to employment and unemployment. The text includes a description of Estonia labour market institutions as well …, unemployment, active and passive labour market policy measures, social partners, social welfare reform, adaptation to the economic …

Over the course of 2008 and 2009, the world economy experienced one of the most serious recessions in modern times. In …, the situation may well still have further to play out: experience of previous recessions suggests that the full effect of …

Recovery Plan are promising. A stronger more co-ordinated response would help to soften the impact of much higher unemployment …

unemployment will inevitably lead to a non-negligible loss of potential output, i.e of structural productive capacities, in the …