We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …

Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined …

data series including inflation, actual output, unemployment and capacity utilization. The estimation results suggest that …

This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent … with Okun’s Law, forecasts of real GDP growth and the change in unemployment are negatively correlated. The Okun … coefficient—the responsiveness of unemployment to growth—from forecasts is fairly similar to that in the data for various …

The SDN will assess the youth unemployment problem in advanced European countries, with a special focus on the euro … area. It will document the main trends in youth and adult unemployment in 22 European countries before and after the global … financial crisis. It will identify the main drivers of youth and adult unemployment, focusing in particular on the role of the …

of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as …