estimate youth unemployment rate sensitivity to output deviations from its potential level. Additionally, we aim to compare … whether men or women have a higher equilibrium unemployment rate when output is at the potential level. Contrary to most … studies on age- and gender-specific Okun’s coefficients, which assume that the effect of output on unemployment is homogenous …

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

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 …

unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the … growth of potential output. Our estimates of potential output growth are imprecise and fluctuate over time. A recent estimate …

Almost all institutions – employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they … understanding unemployment fluctuations. We show how the LS framework can be adapted to incorporate risk premia. We derive an … show how to use properties of the artificial economy to deduce how risk premia affect unemployment dynamics in the original …

The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …