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To understand Fed policy at this point, you have to look at this whole picture. We have good GDP growth, but a yawning shortfall of employment and output from potential levels. ; Presentation to the Chicago Booth Graduate School of Business Alumni Club of San Francisco, San Francisco, Ca,...
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Remarks at the Chattanooga Area Chamber of Commerce, Chattanooga, Tennessee, August 26, 2009
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In response to the Great Recession and sustained labor market downturn, the availability of unemployment insurance (UI … unemployment duration, comparing the experience with the prior extension of benefits (up to 72 weeks) during the much milder … periods 2000-2005 and 2007-2012, we estimate the effects of UI extensions on unemployment transitions and duration. We rely on …
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The Beveridge curve depicts the empirical relationship between job vacancies and unemployment, which in turn reflects … paper combines aggregate and regional data on job vacancies and unemployment to estimate the U.S. aggregate and regional …
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the natural rate of unemployment during the late 1960s and 1970s on the formation of expectations and macroeconomic … outcomes. We find that the combination of monetary policy directed at tight stabilization of unemployment near its perceived … and destabilized the economy. Had monetary policy reacted less aggressively to perceived unemployment gaps, inflation …
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