unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the … forecast error variance of unemployment is accounted for by cyclical factors-real GDP changes (?Okun‘s Law?), monetary and … dispersion of industry-level stock returns, account for the remaining 25 percent. For U.S. long-term unemployment the split …

may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the …

approach, the unemployment rate is on average 0.8 percentage points (ppts) higher than the official unemployment rate, with a …-cycle fluctuations in the unemployment rate from job separation, job finding, and participation. Correcting for misclassification changes … unemployment fluctuations, while participation accounts for fewer. The methodology I propose can be applied to any other labor …

Amid total factor productivity (TFP) shocks job-to-job flows amplify the volatility of unemployment, but the aggregate … income, and unemployment. As such, our work contributes to resolving two limitations of current general equilibrium labor …-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models …

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 …

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