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 …

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. …

financial stability: While expansionary counter-cyclical monetary policy prevents involuntary unemployment, it also amplifies an …