The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …

commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment …-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … period utilized. Focusing more on short-term fluctuations, changes in unemployment are decomposed to identify the association …

The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …