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The unemployment rate in Australia is modelled as an assymmetric and non-linear function of aggregate demand, productivity, real wagesand unemployment benefits. Negative changes in aggregate demand cause the unemployment rate to rise rapidly, while real wage rigidity contributes its to slow...
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From a detailed study of the yearly wage bargaining rounds in Norway and Sweden, we construct time series of five complemetary coordination indices. Econometrics is used to evaluate the importance of the coordination indicators for our understanding of the changes in the rates of unemployment...
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