-term inflation, long-term inflation, unemployment, and short-term interest rates - improves performance along a variety of dimensions …

earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital … downturn, as documented in the empirical literature. At the aggregate level, the framework delivers youth unemployment rates … that are higher and more sensitive to fluctuations in aggregate productivity than total unemployment rates. Additionally …

The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal … informality seems to predict inflationary pressures more accurately when the unemployment gap is close to zero. …

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …

an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …

response of inflation to an increase in unemployment slower in the region where unemployment is already high. Nonlinearities …