then consider the joint impact of states' unemployment benefit programs and the federal CARES Act on national inequality …

We investigate the optimal response of unemployment insurance to economic shocks, both with and without commitment. The … policy. In response to shocks intended to mimic those that induced the COVID-19 recession, we find that a large and … transitory increase in UI is optimal; and that a policy rule contingent on the change in unemployment, rather than its level, is …

labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

pandemic recession. We first measure the contribution of temporary layoffs to unemployment dynamics over the period 1979 to the … due to “loss-of-recall”, whereby workers in temporary-layoff unemployment lose their job permanently and do so at higher … both temporary-layoff and jobless unemployment. The model captures well pre-pandemic unemployment dynamics and shows how …