turbulence experienced by the economy. In the former simulation we find that: raising benefits causes a rise in the duration of … simulation increasing turbulence in the economic environment causes an increase in total unemployment and in involuntary … response to increased turbulence; overall the average duration of unemployment rises. Finally, we replicate the LS finding that …

strategically in Asia? These are difficult and contentious questions. However, given the current turbulence in global politics and …