Delong Smackdown Watch: Beveridge Curve Edition

David Altig and Ryan Avent join Robert Waldmann in saying: "don't panic about the Beveridge Curve--yet."

Ryan writes:

Labour markets: How structural is unemployment?: The Atlanta Fed's David Altig recently noted that this could indicate growing structural unemployment, and Minneapolis Fed president Narayana Kocherlakota went much further, declaring that most of existing unemployment is structural. But Mr Altig provides another view of the Beveridge curve that complicates the...