• What is the efficient rate of unemployment?

  • Oct 9 2024
  • Length: 26 mins
  • Podcast

What is the efficient rate of unemployment?

Listen for free

View show details

  • Summary

  • The full-employment rate of unemployment may seem like a contradiction, but in fact, economists have long understood that some unemployment is necessary. In their new paper, Pascal Michaillat of UC Santa Cruz and Saez of the University of California, Berkeley present a new formula for identifying the efficient rate of unemployment in the U.S. and find that the labor market has been inefficiently slack for most of the last century. In this episode, Michaillat discusses the paper and potential impacts on macroeconomic theory and policy with Brookings Senior Fellow Louise Sheiner.

    Show notes and transcript

    The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu.
    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about What is the efficient rate of unemployment?

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available