-run concept like the natural rate of unemployment. We examine what effect uncertainty has on the use of NAIRU in policy …

examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation …

We adopt a time series approach to investigate the historical relation between unemployment, life expectancy, and … and race. We find that shocks to unemployment are followed by statistically significant increases in mortality rates and … and life expectancy. We estimate the size of the COVID-19-related unemployment to be between 2 and 5 times larger than the …

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer's (2009) model in … which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …

model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and …

This paper develops a model with multiple steady states (low tax and low unemployment versus high tax and high … unemployment) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large temporary shocks initiate … possible that the transition to the high-unemployment steady state after a negative shock can be avoided if the government …

This paper studies the role of unemployment in sterling's interwar experience. According to most narrative accounts …, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British … currency crises, highlights the conflict between the objective of low unemployment and defense of the currency and show that it …

. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …