joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

In the U.S. labor market, the vacancy-unemployment ratio and employment react sluggishly to productivity shocks. The …

both the vacancy-unemployment ratio and employment. The authors show that the standard version of the Mortensen …

Beveridge curve and use the vacancy rate to forecast unemployment. This first look at the series yields sensible results, while …

Propagation in equilibrium models of search unemployment is altered when vacancy costs require some external financing …

Shimer (2005a) argues that the Mortensen-Pissarides equilibrium search model of unemployment explains only about 10% of …

understanding that their jobs still exist and that they will be recalled. We show that the resulting temporary-layoff unemployment … mostly dissipated by the end of 2020. Potential workers without jobs constitute what we call jobless unemployment. Shocks … that elevate jobless unemployment have much more persistent effects. Historical major adverse shocks, such as the financial …