may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …

,'' spending extra time in unemployment to reach a new sector. Sectoral shocks induce net movements of labor into relatively … productive sectors, while idiosyncratic worker shocks ensure that gross intersectoral flows through unemployment are always … context of the Great Recession in which the construction sector experienced a relatively large shock. In a two …

evidence that the unemployment rate itself is higher in the post-1970 era than in the previous decades. We also study the …

We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …

cover pandemics have a change in trend and persistence in growth, and in level and persistence in unemployment. We find that … in recent times seem to have a permanent effect on growth. Moreover, our results show that the unemployment rate … timely counter-cyclical policies to soften the shock of the pandemic. …