Eleven of fourteen monetary tightening cycles since 1955 were followed by increases in unemployment; three were not …

There is wide agreement that the dynamics of inflation and unemployment are influenced by supply and demand shocks … approach to decompose movements in U.S. postwar unemployment and inflation into three orthogonal components. These components … observable variables in sensible ways, and they are used to analyze and interpret inflation-unemployment tradeoffs and postwar …

.S. unemployment rates. We extract the common dynamics among unemployment rates disaggregated for seven age groups. The framework … allows analysis of the contribution of demographic factors to secular changes in unemployment rates. In addition, it allows … favor of the common factor and of the switching between high and low unemployment rate regimes. We also find that …

risk of unemployment during recessions than are skilled workers. Moreover, unskilled workers earn less income, which limits … their ability to self-insure. We examine how this heterogeneity in unemployment risk and income translates into …

The unemployment gender gap, defined as the difference between female and male unemployment rates, was positive until … 1980. This gap virtually disappeared after 1980--except during recessions, when men's unemployment rates always exceed … women's. We study the evolution of these gender differences in unemployment from a long-run perspective and over the …