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Duration dependence, monetary policy asymmetries, and the business cycle

Berge, Travis J.; Pfajfar, Damjan - 2019

We produce business cycle chronologies for U.S. states and evaluate the factors that change the probability of moving from one phase to another. We find strong evidence for positive duration dependence in all business cycle phases but find that the effect is modest relative to other state- and...

Persistent link: https://www.econbiz.de/10012018443

Macroeconomic policy in recessions and unemployment hysteresis

Sturn, Simon - In: Applied economics letters 21 (2014) 13/15, pp. 914-917

Persistent link: https://www.econbiz.de/10010418320

Dissecting Okun's law beyond time and frequency

Krüger, Jens; Neugart, Michael - In: Applied economics letters 28 (2021) 20, pp. 1744-1749

Persistent link: https://www.econbiz.de/10012652591

Reconciling unemployment claims with job losses in the first months of the COVID-19 crisis

Cajner, Tomaz; Figura, Andrew; Price, Brendan M.; … - 2020

Persistent link: https://www.econbiz.de/10012388713

The effect of unemployment on noncognitive skills

Kleinjans, Kristin J. - In: Applied economics letters 27 (2020) 17, pp. 1387-1390

Persistent link: https://www.econbiz.de/10012313044

Unemployment rate benchmarks

Crump, Richard K.; Nekarda, Christopher J.; … - 2020

This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for … particular, we propose two broad categories of unemployment rate benchmarks: (1) a longer-run unemployment rate expected to … prevail after adjusting to business cycle shocks and (2) a stable-price unemployment rate tied to inflationary pressures. We …

Persistent link: https://www.econbiz.de/10012389411