Two Tools for Analyzing Unemployment

Olivier Blanchard

No 3168, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper shows how one can interpret the joint movements of wages, unemployment and vacancies in the Phillips and Beveridge spaces to learn about the origins of the movements in unemployment. The view of the labor market underlying the conceptual framework emphasizes flows, matching, and Nash bargaining determination of wages. The approach is used to analyze the movements in unemployment in the US, in the UK and in Germany over the last twenty years.

Date: 1989-11
Note: EFG
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Published as Issues in Contemporary Economics Marc Nerlove ed. ,Macmillan/International Economics Association Volume 2, 1990,pp. 102-107

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Chapter: Two Tools for Analysing Unemployment (1991)
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