Macroeconomics and the labor market: measuring and explaining the state of the labor market

Accurately estimating the state of the labor market lies at the core of successful macroeconomic policy. This project aims to improve the current

measurement practice by (i) using more appropriate labor market indicators than the standard unemployment rate, (ii) allowing for time-varying coefficients in the relationship of labor market indicators with other macroeconomic variables and (iii) exploiting the panel structure of the data.