Downturns in the construction and finance sectors played a significant role in the recent recession. A stock-market-based measure that captures sectoral shocks shows that these disturbances are important for explaining long-duration unemployment. This is consistent with the intuition that...

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at the European Economics and Financial Centre, London, England.

Remarks at the European Economics and Financial Centre, London, England.