Browsing Department of Economics (ECO) by Subject "multiple long-run equilibria"

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Browsing Department of Economics (ECO) by Subject "multiple long-run equilibria"

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    Title: Skills, Search and the Persistence of High Unemployment  Author(s): ORTIGUEIRA, Salvador Date: 2006 Type of Publication: Article Abstract: The persistence of high-unemployment rates in Europe has fueled theories advocating the existence of multiple natural rates of unemployment. Labor-market institutions and increasing returns to scale have been singled out ...