inflation, strong real wage growth, and low rate of unemployment in the U.S. economy during the late 1990s. Many of these … univariate trends in the unemployment rate and in the rate of productivity growth, these coefficients are stable. This suggests … explanations of movements of wages, prices and unemployment over the 1990s, and indeed over the past forty years, must focus on …

The recession of 2007-09 witnessed high rates of unemployment that have been slow to recede. This has led many to … unemployment that prevailed in the recent past. Is this true? The question is important because central banks may be able to reduce … unemployment that is cyclic in nature, but not that which is structural. An analysis of labor market data suggests that there are …

In response to the Great Recession, the availability of unemployment insurance (UI) benefits was extended to an … individual exit from unemployment, and we compare the estimated impact with that for the prior extension of benefits during the … unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …

We compare patterns of unemployment and joblessness between Canada and the U.S. during the Great Recession. Similar to … previous findings for the U.S. in Kroft et al. [2016], we document a rise in long-term unemployment in Canada. This increase is … us to model duration dependence in all labor force flows involving either unemployment or non-participation. To calibrate …

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …