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A Hard or Soft Landing? The Answer May Lie in the Beveridge Curve


Abstract: The traditional Beveridge curve suggests that a sharp rise in unemployment is needed to meaningfully lower the job vacancy rate. But the curve shaped by the pandemic labor market may signal a different result.

Keywords: Beveridge curve; unemployment; job vacancy rate; COVID-19;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2023-07-13