This book consists of four parts: I. Labour demand and supply, II.
Productivity slowdown and innovative activity, III. Disequilibrium
and business cycle analysis, and IV. Time series analysis of output
and employment. It presents a fine selection of articles in the
growing field ofthe empirical analysis of output and employment
fluctuations with applications in a micro-econometric or a
time-series framework. The time-series literature recently has
emphasized the careful testing for stationarity and nonlinearity in
the data, and the importance of cointegration theory. An essential
part of the papers make use of parametric and non-parametric
methods developed in this literature and mostly connect their
results to the hysteresis discussion about the existence of fragile
equilibria. A second set of macro approaches use the disequilibrium
framework that has found so much interest in Europe in recent
years. The other papers use newly developed methods for microdata,
especially qualitative data or limited dependent variables to study
microeconomic models of behaviour that explain labour market and
output decisions.
General
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