examining the relationship between output and demand as mediated by changes in unemployment, or Okun's law. We also demonstrate …

Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …

's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a … increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose … a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries …

between the inflation rate and the unemployment rate is extremely important. This tradeoff has become known as the Phillips … statistical technique that solves the omitted variables problem, to estimate the tradeoff between inflation and unemployment for … international context for the vast majority of the countries studied is affecting the inflation versus unemployment tradeoff. …

Purpose This paper explores the evidence of a long-run co-movement between aggregate unemployment insurance spending … and the labor force participation rate in the USA. The unemployment insurance (UI) program tends to expand during an … economic downturn and contract during an expansion. UI may incentivize unemployment and may also facilitate better matching in …

This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to … post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …