Fed: Imperfect Information and Slow Recoveries in the Labor Market
September 29, 2025
September 29, 2025
WASHINGTON, Sept. 29 (TNSRep) -- The Federal Reserve issued the following white paper (No. 2025-1423) in September 2025 by Anushka Mitra entitled "Imperfect Information and Slow Recoveries in the Labor Market".
Here are excerpts:
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The unemployment rate remains elevated long after recessions, a persistence that standard search-and-matching models cannot explain. I show that noise shocks--expectational errors due to the noise in received signa . . .
Here are excerpts:
* * *
The unemployment rate remains elevated long after recessions, a persistence that standard search-and-matching models cannot explain. I show that noise shocks--expectational errors due to the noise in received signa . . .