in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

, we study the implications of different inflation regimes on the racial unemployment gap. Higher trend inflation increases … facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap … two groups both in the level and volatility of unemployment. We show that the racial unemployment gap is counter …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

Monetary policy has been historically concerned with controlling inflation, using the interest rate as its main tool … between 2012 and 2021 to estimate the effects of changes in interest rates on unemployment, separating the data by gender and … race. Our results show that the real interest rate has a positive effect on the relative unemployment of black men to white …