period leading up to and following the global financial crisis. We find little evidence of spillovers from macroeconomic … and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country …-specific macro factors and the part driven by spillovers from financial variables. We consider cycles in macroeconomic aggregates …

a vehicle for adjusting the number of visas during a recession. We study the job mobility of highly-skilled Indian IT …-year firm level dataset to show that, outside of the Great Recession, these workers are mobile and that lower paid guest workers … the Great Recession. This partially mitigates concerns that guest worker visa programs do not adjust to fluctuations in …

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to …