unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the … forecast error variance of unemployment is accounted for by cyclical factors—real GDP changes (“Okun’s Law”), monetary and … dispersion of industry-level stock returns, account for the remaining 25 percent. For U.S. long-term unemployment the split …

the natural rate of unemployment during the late 1960s and 1970s on the formation of expectations and macroeconomic … outcomes. We find that the combination of monetary policy directed at tight stabilization of unemployment near its perceived … and destabilized the economy. Had monetary policy reacted less aggressively to perceived unemployment gaps, inflation …

the participation margin account for around one-third of the cyclical variation in the unemployment rate. This result is …

The negative relationship between the unemployment rate and the job openings rate, known as the Beveridge curve, has … been relatively stable in the U.S. over the last decade. Since the summer of 2009, however, the U.S. unemployment rate has …

aggregate demand shock because it raises unemployment and lowers inflation. We present empirical evidence--based on a vector …

In response to the Great Recession and sustained labor market downturn, the availability of unemployment insurance (UI … unemployment duration, comparing the experience with the prior extension of benefits (up to 72 weeks) during the much milder … periods 2000-2005 and 2007-2012, we estimate the effects of UI extensions on unemployment transitions and duration. We rely on …

The U.S. economy is recovering from the financial crisis and ensuing deep recession, but the unemployment rate has … remained stubbornly high. Some have argued that the persistent elevation of unemployment relative to historical norms reflects … rate of unemployment, implying that conventional monetary and fiscal policy should not be used in an attempt to return …