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particular focus on the recent economic crisis. Toward that end, a New Keynesian model with price and wage rigidities is used …. The results show that monetary policy responded counter-cyclically during the crisis only in countries with weak trade …
Persistent link: https://www.econbiz.de/10010930602
We provide evidence on the effects of the 2009 crisis on Turkish manufacturing. The exploration of firm and firm … import demand. Interestingly, we show that the crisis hit produced exports less than the carry-along ones and that the …
Persistent link: https://www.econbiz.de/10010930603
indicators of labour market policies on the one hand, and the financial crisis associated with the “Great Recession” on the other … accounting for the idiosyncratic severity shock of the crisis. This time-varying and country-specific crisis variable enables us … to test empirically and in a novel way the joint impact of labour market policies and the economic crisis on labour …
Persistent link: https://www.econbiz.de/10011263205
economic, crises during the 1990s. We find that the severity of crisis has a positive impact on the subsequent pace of economic …
Persistent link: https://www.econbiz.de/10010729355