| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15646 |
| DP15646 The Inexorable Recoveries of Unemployment | |
| Robert Hall; Marianna Kudlyak | |
| 发表日期 | 2022-06-24 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Unemployment recoveries in the US have been inexorable. In the aftermath of a recession, unless another crisis intervenes, unemployment continues to glide down. Between 1948 and 2019, the annual reduction in the unemployment rate during cyclical recoveries was distributed around 0.1 log points per year. The economy seems to have an irresistible force toward restoring full employment. Occasionally, unemployment rises rapidly during an economic crisis, while most of the time, unemployment declines slowly and smoothly at a near-constant proportional rate. Similar properties hold for other measures of the US unemployment rate and for unemployment in emerging and advanced countries. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Natural unemployment rate Nairu Business cycle Recovery Unemployment Recession |
| URL | https://cepr.org/publications/dp15646-1 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546475 |
| 推荐引用方式 GB/T 7714 | Robert Hall,Marianna Kudlyak. DP15646 The Inexorable Recoveries of Unemployment. 2022. |
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