We use a time-varying panel unobserved components model to estimate unemployment gaps disaggregated by age and gender …

The purpose of the paper is to examine the nature of Greek unemployment allowing for cross-sectional dependence among … properties of Greek regional unemployment rates using recently developed and more powerful panel unitroot tests, such as the … regional unemployment rates in Greece are subject to a structural break both in mean and the slope of the series, the null …

The U.S. economy entered the 1920s with a robust job market and high inflation but fell into a recession following the … Federal Reserve's discount rate hikes to tame inflation. Using a newly constructed data set, we study labor market dynamics …

This is the first study to evaluate the effects of early pension withdrawal policies on tenures on unemployment … half-a-million Australians who found themselves newly on an unemployment payment in the initial months of the COVID-19 … pandemic, between April and June 2020, resulted in a 32 per cent lower exit rate from unemployment benefits inside the first …

automatically to bring the economy back, if not to "full employment," at least to a fairly stick "natural rate of unemployment" seem … delay. The Keynesian approach suggests (subject to some recent concessions to the notion of the natural rate of unemployment … materially, what used to be referred to as "frictional unemployment," thereby raising the natural rate of unemployment …

unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …