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Journal of Macroeconomics, 1994
Abstract This paper shows that there is a response of interest rates to announcements of unexpected changes in the unemployment rate. Overall, in response to an unexpectedly low unemployment rate announcement, interest rates rise and the dollar appreciates against three major currencies.
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Abstract This paper shows that there is a response of interest rates to announcements of unexpected changes in the unemployment rate. Overall, in response to an unexpectedly low unemployment rate announcement, interest rates rise and the dollar appreciates against three major currencies.
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The Natural Rate of Unemployment
1995For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment ...
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Education and the natural rate of unemployment
Oxford Economic Papers, 2000We show how changes in the educational composition of the labour force affect both the level and the behaviour over time of aggregate unemployment series. We also demonstrate that if it had not been for such changes, the US unemployment series would look 'European' since the within-group unemployment series all have that same appearance.
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The natural rate of unemployment and the unemployment gender gap [PDF]
, 2011 Recent labour market developments include an increase in labour market mismatches, in that high unemployment rates coexist with significant levels of vacancies. This pattern is particularly evident in the US economy, but is also significant within the European Union; it implies that the natural rate of unemployment may rise significantly, thus ...
Maurizio Baussola, Chiara Mussida
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The Unnatural “Natural” Rate of Unemployment
Journal of Post Keynesian Economics, 1981(1981). The Unnatural “Natural” Rate of Unemployment. Journal of Post Keynesian Economics: Vol. 4, No. 1, pp. 25-31.
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State Natural Rates of Unemployment
SSRN Electronic Journal, 2016I construct estimates for the natural rate of unemployment by state and year from 1981 to 2013. The estimate is conditional on a set of standard public finance variables and state fixed effects. While year fixed effects were used to estimate the model, the year fixed effects are dropped and replaced with a value that forces the national natural rate of
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Trade Unions and the Efficiency of the Natural Rate of Unemployment
Journal of Labor Economics, 1986Decentralized wage setting in search equilibrium models is inefficient because the meeting firm and worker ignore the dependence of job-matching probabilities on the number of firms and workers engaged in search. This paper investigates whether risk-neutral monopolistic unions will have an incentive to internalize this externality.
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Estimating the natural rate of unemployment and testing the natural rate hypothesis
Journal of Applied Econometrics, 1999How should one measure the natural rate of unemployment? This paper proposes a systems procedure as an alternative to NAIRU. The natural rate is treated as an unobserved state variable in a system that includes measurement equations for the unemployment rate, the rate of wage growth and the rate of inflation.
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Estimating the natural rate of unemployment for Ukraine
2022Graduate Institute of International and Development Studies Working Paper ; no.
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The Effects of Education on the Natural Rate of Unemployment [PDF]
Business Economics, 2008 This study develops a natural unemployment rate based upon education attainment. Behind this natural rate are labor force participation rates that vary positively with education attainment; observed unemployment rates that are inversely related to education attainment; and deviations of the observed unemployment rate from this hypothesized natural rate
Albert E DePrince, Pamela D Morris
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