#2003-030A "U. S. Regional Business Cycles and the Natural Rate of Unemployment"
by Howard J. Wall, and Gylfi Zoega
October 2003

Estimates of the natural rate of unemployment are important in many macroeconomic models used by economists and policy advisors. This paper shows how such estimates might benefit from closer attention to regional developments. More...

PUBLISHED: Federal Reserve Bank of St. Louis Review, January/February 2004, 86(1), pp. 23-31

#2001-007B "The British Beveridge Curve: A Tale of Ten Regions"
by Howard J. Wall, and Gylfi Zoega

Revised March 2002

Recent work has suggested the possibility that the Beveridge curve can shift over the business cycle. This is in contrast with a large body of literature claiming that Beveridge curves have shifted due to structural changes alone. More...

PUBLISHED: Oxford Bulletin of Economics and Statistics, July 2002, 64(3), pp. 257-76