making projections of labour supply, labour demand, unemployment and underemployment; outlines the implementation of the …

unemployment rate to measure its success, however, is misplaced. In a developing country with a large informal sector and in the … absence of unemployment insurance, open unemployment is primarily a middle-class phenomenon: the unemployed are not …

Changes in the unemployment rate can have differing impacts on the labour force participation rate depending on the … between the unemployment rate and the labour force participation rate across a panel of developing countries and OECD … countries. We employ a system GMM approach to control for and to establish the bi-directional causality between unemployment and …

The unemployment rate provides an important gauge of spare capacity in the labour market and the economy more generally …. However, other factors also affect unemployment, which complicates its interpretation when informing monetary policy …. Statistical methods can be used to estimate the extent to which the unemployment rate reflects spare capacity versus more enduring …