Long-term unemployment

Created
Tue, 13/06/2023 - 18:00
Vania Esady, Bradley Speigner and Boromeus Wanengkirtyo The headline unemployment rate is one of the most widely used indicators of economic slack to measure the state of the business cycle. A large empirical literature on Phillips curve estimation has explored whether more general definitions of labour utilisation are more informative than this simple measure. In … Continue reading Does long-term unemployment affect inflation dynamics?