Structural unemployment that does not generate inflationary pressures and must be addressed by means of labor market policies. – See Balassa-Samuelson effect, Phillips theorem, growth-employment relationship. – Cf. ECB Monthly Bulletin, August 2005, pp. 50 ff. (structural unemployment in the euro area analyzed; problems of predictive assessment; many references).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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