Esady, Vania; Wanengkirtyo, Boromeus; Speigner, Bradley - 2023
long-term unemployment rates. Whereas several existing studies have concluded that long-term unemployment is immaterial for … of long-term unemployment on inflation is highly state-dependent. In particular, we find that short- and long-term … unemployment have similar effects on inflation when the economy is slack in recessions. However, reductions in long-term …