Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2013
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … U.S. recessions might look more like the Eurosclerosis experience of the 1980s than traditional V-shaped recoveries of … factors include declining labor mobility, changing age structures, and the decline in trust among Americans. To determine how …