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Long-Term Unemployment and the Great Recession : The Role of Composition, Duration Dependence, and Non-Participation

Kroft, Kory - 2014

model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …

Persistent link: https://www.econbiz.de/10012458392

Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence

Sala, Luca - 2012

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...

Persistent link: https://www.econbiz.de/10012460226

Global shocks, economic growth and financial crises : 120 years of New Zealand experience

Bordo, Michael D. - 2010

We identify the timing of currency, banking crises and sudden stops in New Zealand from 1880 to 2008, and consider the extent to which empirical models can explain New Zealand's crisis history. We find that the cross country evidence on the determinants of crises fits New Zealand experience...

Persistent link: https://www.econbiz.de/10012462626

Financial Distress and Employment : The Japanese Case in the 90s

Ogawa, Kazuo - 2003

We examine quantitatively the extent to which financial distress in the 1990s affected employment behavior in Japan … financial distress on employment into consideration. We find that the firm's ratio of debt to total asset exerts a significantly … negative effect on employment of small firms. We also find that employment of small firms is sensitively affected by lending …

Persistent link: https://www.econbiz.de/10012469052

Accounting for Post-Crisis Inflation and Employment : A Retro Analysis

Fratto, Chiara - 2014

responsible for the slow recovery of employment, though not for the initial drop. Monetary policy shocks predict an inflation rate … 0.5% below average. Government expenditure innovations do not contribute much either to inflation or to employment …

Persistent link: https://www.econbiz.de/10012457959

Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis

Hall, Robert E. - 2014

The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall--2.2 percentage points out of the 13--was the result of lingering slackness in the labor market in the...

Persistent link: https://www.econbiz.de/10012458482

Rising Labor Productivity during the 2008-9 Recession

Mulligan, Casey B. - 2011

During the recession of 2008-9, labor hours fell sharply, while wages and output per hour rose. Some, but not all, of the productivity and wage increase can be attributed to changing quality of the workforce. The rest of the increase appears to be due to increases in production inputs other than...

Persistent link: https://www.econbiz.de/10012461073

The Real Effects of Financial Constraints : Evidence from a Financial Crisis

Campello, Murillo - 2009

constraint. Our evidence indicates that constrained firms planned deeper cuts in tech spending, employment, and capital spending …

Persistent link: https://www.econbiz.de/10012463097

The Sources of Regional Variation in the Severity of the Great Depression : Evidence from U.S. Manufacturing, 1919-1937

Rosenbloom, Joshua L. - 1997

employment" growth, with regions that concentrated on the production of durable goods or inputs to the" construction sector …

Persistent link: https://www.econbiz.de/10012472525

Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers

Hall, Robert E. - 2015

Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as measuring an index of productivity of production. We...

Persistent link: https://www.econbiz.de/10012457727