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New Evidenceon Cyclical and Structural Sources of Unemployment
Chen, Jinzhu; Trehan, Bharat; Kannan, Prakash; … - International Monetary Fund (IMF) - 2011
unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the … forecast error variance of unemployment is accounted for by cyclical factors-real GDP changes (?Okun‘s Law?), monetary and … dispersion of industry-level stock returns, account for the remaining 25 percent. For U.S. long-term unemployment the split …
Persistent link: https://www.econbiz.de/10009019575
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Long-Run Productivity Shifts and Cyclical Fluctuations; Evidence for Italy
Sgherri, Silvia - International Monetary Fund (IMF) - 2005
Using unobserved stochastic components and Kalman filter techniques, the paper assesses the relative importance of transitory and permanent shifts in Italian real GDP within a production function framework. Evidence suggests that the increase in hours worked that has accompanied pension and...
Persistent link: https://www.econbiz.de/10005605077
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After the Crisis; Assessing the Damage in Italy
Sgherri, Silvia; Morsy, Hanan - International Monetary Fund (IMF) - 2010
decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also …
Persistent link: https://www.econbiz.de/10008727814