Asymmetric transmission mechanisms and the rise in European unemployment: a case of structural differences or of policy failures?

Article Abstract:

Structural variations in market fundamentals greatly contribute to Europe's economic problems, such as high unemployment rate. An assymetric model revealed that common policies implemented to a system with variations in market or institutional structures tend to create a more negative effect on inflation and unemployment than from failures resulting from a country specific policy. Increasingly divergent structures appeared to cause the increasing instances of inefficiency in the labor markets in Europe.

Economic Programs, Administration of Economic Programs, Analysis, Europe, Economic policy

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Sticky prices, fair wages, and the co-movements of unemployment and labor productivity growth

Article Abstract:

A New Keynesian model that uses sticky prices and fair wages to study unemployment and labor productivity increase in the American economy is presented.

France, Prices, Productivity Improvement, Labor productivity, Labor costs, Labour productivity, Labour costs

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Local trade networks and spatially persistent unemployment

Article Abstract:

Local trade networks can generate local unemployment under specified conditions.

Science & research, Research, Commerce

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