prices, unemployment rates, and interest rates in nine countries that took distinctive approaches in tackling the pandemic …, where we introduce lockdowns as shocks to unemployment. Based on impulse response functions, we find that in most countries … the unemployment rate rose, interest rates fell or turned negative, and prices fell initially following the implementation …

adjustments. Unemployment responses vary widely across countries. Unemployment is particularly responsive to health shocks in the … U.S. and Spain, while unemployment fluctuations are attenuated almost everywhere else. …

Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment … of the 2-year ahead forecast error of the Canadian unemployment rate in periods of slack vs. just 2% during economic … of the latter, lead to a temporary increase in the Canadian unemployment rate. Evidence of asymmetric spillover effects …

adjustments. Unemployment responses vary widely across countries. Unemployment is particularly responsive to health shocks in the … U.S. and Spain, while unemployment fluctuations are attenuated almost everywhere else. …