Two Tools for Analyzing Unemployment

37 Pages Posted: 8 Jan 2008 Last revised: 30 Aug 2010

See all articles by Olivier J. Blanchard

Olivier J. Blanchard

National Bureau of Economic Research (NBER); Peter G. Peterson Institute for International Economics

Date Written: November 1989

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.

Suggested Citation

Blanchard, Olivier J., Two Tools for Analyzing Unemployment (November 1989). NBER Working Paper No. w3168. Available at SSRN: https://ssrn.com/abstract=467622

Olivier J. Blanchard (Contact Author)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

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