Cristiano-Botia, Deicy J.; Hernandez-Bejarano, Manuel Dario - In: Latin American economic review : LAER ; official … 30 (2021), pp. 1-32
Although the unemployment rate is traditionally used to diagnose the current state of the labor market, this indicator … does not reflect the existence of asymmetries, mobility costs, and rigidities which impede labor to freely flow over the … unemployment GAP. This indicator is useful for policy analysis as it is useful to forecast headline inflation, it also complements …