.C from 1991 to 2008, we present econometric evidence that supports that changes in state-level unemployment rates are linked … causality going from mismatches and housing conditions to unemployment rates. The numerical estimates imply that the structural … unemployment rate in 2010 was about 1¾ percentage points higher than before the onset of the housing market meltdown at end-2006 …

-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential …

rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic … by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …

unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I …