This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …

Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …

We propose a unique method of nowcasting and forecasting GDP growth based on a forward-looking measure of unemployment …

unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …

with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … impact. To analyze how economic growth and labor market institutions have affected unemployment two types of models are …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …

This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …