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Australia: the miracle economy
Junankar, Pramod N. - 2013
Most of the countries of the OECD are still suffering from the Global Financial Crisis (GFC) (or as the Americans call it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of the OECD countries, Australia did not even have a...
Persistent link: https://www.econbiz.de/10009774315
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The recovery from the Great Recession: a long, evolving expansion
Shambaugh, Jay C.; Strain, Michael R. - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
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Worker identity, employment fluctuations and stabilization policy
Snower, Dennis J.; Lechthaler, Wolfgang - 2013
This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …
Persistent link: https://www.econbiz.de/10009752694
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Unemployment in the European Union : institutions, prices, and growth
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001800159
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The dynamics of entrepreneurship : hysteresis, business cycles and government policy
Congregado, Emilio; Golpe, Antonio A.; Parker, Simon C. - 2009
US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the … article discusses implications of the findings for the design of entrepreneurship policies. -- Hysteresis ; unobserved …
Persistent link: https://www.econbiz.de/10003830249
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Amerisclerosis? : the puzzle of rising US unemployment persistence
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 the past. In this paper, we revisit possible explanations...
Persistent link: https://www.econbiz.de/10010207304
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Unemployment dynamics and the cost of business cycles
Hairault, Jean-Olivier (contributor);  … - 2008
In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce...
Persistent link: https://www.econbiz.de/10003778482
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Health and health behaviors during the worst of times : evidence from the Great Recession
Tekin, Erdal; McClellan, Chandler; Minyard, Karen Jean - 2013
While previous studies have shown that recessions are associated with better health outcomes and behaviors, the focus of these studies has been on the relatively milder recessions of the late 20th century. In this paper, we examine if the previously established counter-cyclical pattern in health...
Persistent link: https://www.econbiz.de/10009786469
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This time it's different: the role of women's employment in a pandemic recession
Alon, Titan; Doepke, Matthias; Olmstead-Rumsey, Jane; … - 2020
In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession caused by the Covid-19 pandemic, the opposite is true: unemployment is higher among women. In this paper, we analyze the causes and consequences of this phenomenon. We argue...
Persistent link: https://www.econbiz.de/10012258294
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Understanding the effects of homeownership and regional unemployment levels on migration during the economic crisis in Spain
Palomares-Linares, Isabel; Ham, Maarten van - 2016
The Spanish labour market is characterised by high levels of unemployment, which have increased during the global economic crisis. Spain is also a country which is characterised by a very high percentage of homeownership, with more than 83% of households being owner-occupiers. Both regional...
Persistent link: https://www.econbiz.de/10011543200