The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

medium-term business cyclefluctuations in GDP, its components and the unemployment rate. Additionally, it …

unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …