Does high US unemployment have mostly cyclical or structural causes? Custom Essay

Chapter 8 presents the concept of the "natural rate of unemployment," which is often as well called the "structural rate." A research paper takes a look at the evidence. Here is a discussion of the paper, here (or here) an op-ed by one of the authors.

You might write about 500 words. Be precise, and consider the following three points:
1.Define the natural (or structural) rate as presented in chapter 8.
2.Summarize the evidence brought forth in the research paper.
3.Derive your own policy conclusions: "Unemployment is mostly … , therefore policy should … "!

After submission and due date, you will be assigned to peer review other student’s contributions

*the first "here"
http://www.nber.org/digest/jan13/w18386.html
*Second "here"
http://online.wsj.com/news/articles/SB10001424127887323728204578514183323171670