HKMMHong Kong Melody Makers (Kowloon, Hong Kong)
HKMMHong Kong Maritime Museum
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References in periodicals archive ?
We use the same methodology as HKMM and reassess the effect of the recent extension in UI benefits duration on unemployment.
Next we calculate the unemployment rate that would be implied by our estimate and the one that would be implied by HKMM's estimate, and we plot these against the actual unemployment rate (figure 6).
While a jump of roughly 1 percentage point in the unemployment rate is substantial, it is much smaller than what the estimate implied by the HKMM would produce, and accounts for only a fraction of the increase in the actual unemployment rate throughout the recession and recovery.