| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28111 |
| 来源ID | Working Paper 28111 |
| The Inexorable Recoveries of Unemployment | |
| Robert E. Hall; Marianna Kudlyak | |
| 发表日期 | 2020-11-23 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Unemployment recoveries in the US have been inexorable. Between 1948 and 2019, the annual reduction in the unemployment rate during cyclical recoveries was fairly tightly distributed around 0.1 log points per year. The economy seems to have an irresistible force toward restoring full employment. In the aftermath of a recession, unless another crisis intervenes, unemployment continues to glide down. Occasionally, unemployment rises rapidly during an economic crisis, while most of the time, unemployment declines slowly and smoothly at a near-constant proportional rate. We show that similar properties hold for other measures of the US unemployment rate and for the unemployment rates of many other emerging and advanced countries. |
| 主题 | Macroeconomics ; Business Cycles ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w28111 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585785 |
| 推荐引用方式 GB/T 7714 | Robert E. Hall,Marianna Kudlyak. The Inexorable Recoveries of Unemployment. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28111.pdf（1735KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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