Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
This paper presents evidence that the majority of the high post-recession unemployment rates is the result of an increase in the natural rate, rather than cyclical deviations from it. Moreover, I discuss the likely causes of the recent increases in the natural rate. Since most of the theorized cause...
| Main Author: | |
|---|---|
| Format: | Others |
| Published: |
Scholarship @ Claremont
2013
|
| Subjects: | |
| Online Access: | http://scholarship.claremont.edu/cmc_theses/762 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1799&context=cmc_theses |