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unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …
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uncertainty much more than the average election. The COVID-19 pandemic drove huge increases in policy uncertainty and unemployment …
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Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment … of the 2-year ahead forecast error of the Canadian unemployment rate in periods of slack vs. just 2% during economic … of the latter, lead to a temporary increase in the Canadian unemployment rate. Evidence of asymmetric spillover effects …
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increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to … confirms that the contribution of EPU shocks to the volatility of unemployment at business cycle frequencies is markedly larger …
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