Unemployment Fluctuations and Stabilization Policies A New Keynesian Perspective Jordi Gali The MIT Press … xi Introduction 1 A Simple Model of Unemployment and Inflation ….Dynamics 7 Unemployment, the Output Gap, and the Welfare Costs of Economic Fluctuations 37 Unemployment and Monetary …

labor market segmentation, high unemployment and underemployment rates that exist even in good economic times among certain … demanding more workers, a high rate of resignations has exacerbated labor shortages and may be aggravating underemployment rates … Recession of 2008-2009 and demonstrates that resignations have been trending upward in the US aggregate economy and that quit …

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … explain movements of unemployment and underemployment in opposite directions. Finally, we show that uctuations in the total … employment gap under stagnation are primarily driven by uctuations in underemployment instead of structural unemployment. Our …

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total … employment gap under stagnation are primarily driven by fluctuations in underemployment instead of structural unemployment. Our …