Briefing
The Natural Beveridge Curve
Abstract: The Beveridge curve is a central concept for analyzing the state of the economy and the labor market. We introduce the idea of a natural Beveridge curve, which abstracts from transitory movements and focuses on structural relationships. Analyzing the gap between the actual and natural Beveridge curves gives policymakers a better sense of how much stabilization policy in the labor market can accomplish.
Access Documents
File(s):
File format is text/html
https://www.richmondfed.org/publications/research/economic_brief/2026/eb_26-17
Description: Briefing
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2026-05-27
Volume: 26
Issue: 17