We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the … Phillips-curve framework of low - often extremely low - response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

Unemployment recoveries in the US have been inexorable. Between 1948 and 2019, the annual reduction in the unemployment … irresistible force toward restoring full employment. In the aftermath of a recession, unless another crisis intervenes …, unemployment continues to glide down. Occasionally, unemployment rises rapidly during an economic crisis, while most of the time …

expanded tremendously in April 2020, at the trough of the pandemic recession. They wait out periods of non-work with the … 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 …

the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …

macro-economic conditions in the form of regional unemployment rates. The results from our panel data models, several of … downturn, with an approximately 0.7 percentage point increase for each one percentage point rise in the unemployment rate … percentage point increase in the regional unemployment rate leading to an up to 0.8 percent decrease in consumption. …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany … reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business … disentangling periods of low and high unemployment we find that the effect of unemployment on new business formation is only …

This paper is aimed at investigating the effects of government intervention through unemployment benefits on …

This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for … particular, we propose two broad categories of unemployment rate benchmarks: (1) a longer-run unemployment rate expected to … prevail after adjusting to business cycle shocks and (2) a stable-price unemployment rate tied to inflationary pressures. We …