Arestis, Philip; Mariscal, Iris Biefang-Frisancho - 1998
determination of unemployment and wages in Germany and the U.K. Underlying this proposition is the notion that capital accumulation …, 1968q1-1995q4, Germany and the U.K. experienced big shocks which have affected their labor and product markets. The … dramatic rise in unemployment in the 1980s was attributed to adverse supply shocks. However, after the reversal of the shocks …