Dean Baker defends the cyclical interpretation of unemployment and advocates government spending to create demand for jobs. Photo courtesy of Justin Sullivan/Getty Images. The United States currently ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg.
Structural factors, which we measure using the dispersion of industry-level stock returns, account for the remaining 25%. For U.S. long-term unemployment the split between cyclical and structural ...
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