We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … along the curve reveals its preferences over the destruction-duration mix, while its distance from the origin indicates the …

I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic … activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment … as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall …

This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a … sudden stop state by between 50 to 80 percent. Flexible exchange rate regimes significantly shorten the duration of output … decelerations following sudden stops by over 30 percent. Positive variations in terms of trade also abbreviate the duration of …

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 …