Graduation Year

Fall 2013

Document Type

Open Access Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Manfred Keil

Rights Information

© 2013 Nicole Appleton

Abstract

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.

Comments

  • Robert Day School Prize for Best Senior Thesis in Economics and Finance (2014)

Download

Share

COinS