This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession …

nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union …

This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and … substantial amount of uncertainty around our estimates, we find that the financial crisis has resulted in a reduction in potential …

unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the … forecast error variance of unemployment is accounted for by cyclical factors-real GDP changes (?Okun‘s Law?), monetary and … fiscal policies, and the uncertainty effects emphasized by Bloom (2009). Structural factors, which we measure using the …