Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …

increase in labor supply: workers reduce the rate at which they quit jobs to non-employment, while non-employed individuals … increase their job-seeking behavior. Holding supply-driven labor market flows constant, the overall decline in employment from …

This paper calculates the cost of an unemployment shock in terms of family welfare for married and single families … loss of $1,156 when the unemployment rate rises by 1 percentage point. The average welfare loss for married families is … versus a shock to unemployment rises with income. …

In this paper we investigate the impact of the recent US unemployment benefits extension on the labor market dynamic … experiments suggest that, in contrast to the existing literature that ignores the liquidity trap situation, unemployment benefits … expansions cause a wage and inflationary pressure which curb the increase in real interest rate and slightly reduce unemployment …

This paper develops a New Keynesian model with search frictions in which generated frictional unemployment is … consistent with the time series of involuntary unemployment collected by the U.S. Bureau of Labor Statistics. Thus, it can shed … light on the relevant impact of labor market frictions and policy interventions on the observed unemployment about which …