Labor Markets and Monetary Policy
Headline employment numbers have been consistent with previous recoveries from recession. Behind the headlines, however, there are troubling data that suggest that the recovery of labor markets is weaker than what would be suggested by prior experience. In particular, labor force participation is weaker than expected, and the duration of unemployment has been longer. This paper describes the dimensions of the problems, their implications, and issues concerning whether the U.S. Federal Reserve could have done more to forestall them—particularly with respect to its Large Scale Asset Purchases program.
Year of publication: |
2010
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Authors: | Evans, Charles L |
Published in: |
Business Economics. - Palgrave Macmillan, ISSN 0007-666X. - Vol. 45.2010, 3, p. 152-157
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Publisher: |
Palgrave Macmillan |
Saved in:
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