Open Access Senior Thesis
Bachelor of Arts
© 2013 Nicole Appleton
This paper presents evidence that the majority of the high post-recession unemployment rates is the result of an increase in the natural rate, rather than cyclical deviations from it. Moreover, I discuss the likely causes of the recent increases in the natural rate. Since most of the theorized causes of increases appear transitory in nature, I expect that the natural rate will soon decline, followed closely by a decrease in actual unemployment rates.
Appleton, Nicole, "Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?" (2013). CMC Senior Theses. 762.