The term “natural” does not mean it is a constant that cannot be changed ... Understanding what is behind the long-term equilibrium rate of unemployment helps policymakers understand how they can, and ...

The term “natural” does not mean it is a given that cannot be changed ... Understanding what is behind the long-term equilibrium rate of unemployment helps policymakers understand how they can, and ...

Adrien's job market paper shows that the job-losing-rate is responsible for most of the spatial differences in unemployment and develops a dynamic theory of spatial geography that features equilibrium ...

The “natural rate of unemployment” refers to an economic ... said those wages are likely above equilibrium for hospitality ...

Unemployment unexpectedly dropped from 4.2% in November to 4.1% in December. The consensus expectation was that the rate would hold ... the data indicated signs of equilibrium in the second ...