Reicher, Christopher Phillip - 2011
measure construction and technology busts) have little effect on the natural rate of unemployment or on long run productivity … of unemployment and can count for a 0.5% rise in cyclical unemployment from 2007 through the end of 2009 and 0.3% through … capital mismatch. Looking at the period of the Great Recession, reallocation has had no detectable effect on the natural rate …