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

.C from 1991 to 2008, we present econometric evidence that supports that changes in state-level unemployment rates are linked … causality going from mismatches and housing conditions to unemployment rates. The numerical estimates imply that the structural … unemployment rate in 2010 was about 13⁄4 percentage points higher than before the onset of the housing market meltdown at end-2006 …

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 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 …

This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession … this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real … was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In …

growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not …

.S. manufacturing industry, and it finds evidence of asymmetry. Tight policy increases job destruction and reduces net employment …