unemployment rate to movements in output growth increasing recently over time in both Canada and the United States. -- Business …

In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We … extent to which methods provide explanations for changes in trend unemployment; (ii) whether revisions to unemployment gap … (UGAP, the difference between the actual unemployment rate and TUR) estimates are well behaved; (iii) if UGAPs provide …

The recent financial crisis and subsequent recession have spurred great interest in the sources of unemployment … the model using Canadian data from 1991 to 2010. I find that, in the long run, unemployment fluctuations are mainly driven … per cent of unemployment fluctuations. I also find that inclusion of the recent financial crisis data in the estimation is …

We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …

-to-job transitions, while negative shocks occasionally throw them back into unemployment. The state of the economy includes the … to mimic the US Great Recession unemployment dynamics, firms reduce hiring, causing the job ladder to all but "stop … inflation dynamics that resemble the missing disinflation of that period. …