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U.S. inflation has recently surged, with inflation reaching its highest readings since the early 1980s. We examine the drivers of this rise in inflation, focusing on supply chain disruptions, labor supply constraints, and their interaction. Using a calibrated two-sector New Keynesian DSGE model...
Persistent link: https://www.econbiz.de/10014287312
either the official unemployment rate or alternative measures of labor market underutilization. Modest amounts of …
Persistent link: https://www.econbiz.de/10012482033
The gender unemployment gap, the difference between female and male unemployment rates, was positive until the early … 1980s. This gap disappeared after 1983, except during recessions, when men's unemployment rate has always exceeded women … for most of the closing of the gender unemployment gap. Evidence from nineteen OECD countries is consistent with this …
Persistent link: https://www.econbiz.de/10012453968
flow value of unemployment …
Persistent link: https://www.econbiz.de/10012453980
unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …
Persistent link: https://www.econbiz.de/10012460394