statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …

employs the same or another worker, the vacancy rate increases and the unemployment rate declines. However, the scheme …

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 …

where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …

using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …