Macroeconomic Effects of UI Extensions at Short and Long Durations

We thank Massimiliano Cologgi, Robert Hovakimyan, Victoria de Quadros, Anders Yding, William Yang, and David Yu for excellent research assistance. We thank Isaiah Andrews, Kirill Borusyak, John Coglianese, Jonathan Cohen, Peter Ganong, Peter Hull, Rohan Kekre, Alex Mas, Arash Nekoei, Miikka Rokkanen, Jesse Rothstein, Rob Valletta, Davide Viviano, Christopher Walters, Johannes Wieland, Danny Yagan and participants at seminars and workshops at the Bank of Canada, Brookings, the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of St. Louis, the Federal Reserve Board, LSE, Stanford University, the University of Bonn, the University of British Columbia, UC Berkeley, UT Austin, Texas A&M and the University of Toronto for comments and discussions. We thank Rob Valletta for sharing data on regular state UI benefits. We thank Columbia University, the Washington Center for Equitable Growth, and the Smith Richardson Foundation for research support for this project. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• October 12, 2023