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Labor force participation and monetary policy in the wake of the Great Recession

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In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal...

Persistent link: https://www.econbiz.de/10012667415

Labor force participation and monetary policy in the wake of the great recession

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Persistent link: https://www.econbiz.de/10010193255