Трендот на природната стапка на невработеност во ЕУ
The evolution of the natural unemployment rate in EU

Summary/Abstract: European unemployment started increasing in 1970s. It continued to increase in the 1980s to reach a high plateau in the 1990s. It is still high today although the average europaen unemployment rate hides a high degree of heterogeneity across countries. Since 1997, european unemployment has been associated with roughly constant inflation. This would suggest that the current high unemployment rate reflects a high natural unemployment rate, rather than a large deviation of the actual unemployment rate. This natural rate can only be reduces by labour market reforms.

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