Does the disappointingly high unemployment in Central and East European countries reflect non-completed adjustment to … of too weak aggregate demand and output? In the case of transitional causes, unemployment is expected to decline over … results suggest to declare the transition of labour markets as completed; unemployment responds to output and not to a …

This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in … achieved by two types of Phillips curve mechanisms; one where the inflation/unemployment trade-off was triggered off for … rate and the interest rate. Excess wages and/or increasing cost levels in the tradable sector led to higher unemployment …

that the shocks associated with the free movement of workers from Eastern Europe have temporarily increased unemployment in …

increases unemployment. Hence, the elimination of exchange rate volatility could be considered as a substitute for a removal of …