Dao, Mai; Furceri, Davide; Loungani, Prakash - International Monetary Fund (IMF) - 2014
of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as … aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical …We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response …