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 …

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession … unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

flows during the Great Recession to those during the 1981 recession, and (4) highlight the importance of looking beyond …

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

Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24 ….6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief … adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of …

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