Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment … of the 2-year ahead forecast error of the Canadian unemployment rate in periods of slack vs. just 2% during economic … of the latter, lead to a temporary increase in the Canadian unemployment rate. Evidence of asymmetric spillover effects …

increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to … be statistically and economically larger in recessions. A state-contingent forecast error variance decomposition analysis … confirms that the contribution of EPU shocks to the volatility of unemployment at business cycle frequencies is markedly larger …

implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …

We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …

unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …