flows. Similarly, countries with higher unemployment benefits and more coordinated wage bargaining systems are characterised …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …

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 …

's matching model of unemployment. To the best of our knowledge, this is the first attempt to implement and systematically compare … particular relevance in comparison with the results established in the earlier literature …

finance more small firms, but incur higher costs than centralized ones. Small banks are interpreted as a bank with relatively …

Phillips Curve describing the adjustment of unit labour costs is estimated at the national and aggregate level for the 5 …

unemployment changes may have declined over the last decade. …