This paper presents a forecasting model of unemployment based on labor force ows data that, in real time, dramatically outperforms the Survey of Professional Forecasters, historical forecasts from the Federal Reserve Board's Greenbook, and basic time-series models. Our model's forecast has a...

The authors conduct an empirical analysis of the role of labor market activities in inflation and conclude that wage growth is not very informative for predicting price inflation. But price inflation does seem to help predict wage growth

Recognising human capital's central role in economic development, many countries in the Asia Pacific region have allocated significant resources to the development of their education sectors. However, despite growing policy concern over acute mismatches between qualification supply and...