Boeri, Tito; Garibaldi, Pietro; Moen, Espen R - In: IMF Economic Review 61 (2013) 4, pp. 631-663
The global financial recession of 2008–9 as well as historical precedents with financial crises suggest that financial shocks do translate into the labor markets. This paper first documents that financial recessions are different from other recessions in terms of their labor market impact, as...