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Chicago Fed Letter, No. 289b, August 2011
Macroeconomic Policy and Labor Markets: Lessons from Dale Mortensen’s Research (Special Issue)

On April 15–16, 2011, Northwestern University and the Chicago Fed co-sponsored a conference in honor of Dale Mortensen—a Northwestern University professor, Chicago Fed consultant, and co-recipient (along with Peter Diamond and Christopher Pissarides) of the 2010 Nobel Prize in economics, awarded for his analysis of markets with search frictions. This article summarizes one panel that presented work on the current state of the U.S. labor market, using Mortensen’s research.

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