Delivered at the Commerce Bank Economic Breakfast, November 18, 2009

Presentation to the Western Economic Association International Conference (WEAI), San Francisco, July 6, 2005

Wilmington Club, Wilmington, Del., July 24, 2007

The Jeffrey and Kathryn Cole Honors College Lecture, Michigan State University, East Lansing, Mich. - March 16, 1999

The Bank of Korea International Conference on Monetary Policy in an Environment of Low Inflation, Seoul, Korea, June 16, 2006

Address before the Global Interdependence Center, Federal Reserve Bank of Philadelphia, Aug. 21, 2003

Global Interdependence Center Central Bank Series, Federal Reserve Bank of Philadelphia, Philadelphia, May 18, 2006

Address before the St. Louis Financial Analysts Society, Sept. 4, 2003

Presentation at the Thirteenth Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies Session on Monetary Policy and the U.S. and World Economies - The Levy Economics Institute of Bard College, Hilton New York, New York City, April 15, 2003

The national economy is often described as having a business cycle over which aggregate output enters and exits distinct expansion and recession phases. Analogously, national employment cycles in and out of its own expansion and contraction phases, which are closely related to the business...