increased government purchases crowd out private consumption? 2) do increased government purchases reduce unemployment? Farmer … also reduce unemployment …

countries experiencing larger increases in unemployment and where credit growth during the pre-crisis period was more rapid …

This paper explores the interaction between fiscal policy and unemployment. It develops a dynamic economic model in … which unemployment can arise but can be mitigated by tax cuts and public spending increases. Such policies are fiscally … determination of fiscal policy and unemployment in long run equilibrium. Outcomes with both a benevolent government and political …

periods of high unemployment in the U.S. In every case, the estimated multipliers are below unity. We do find some evidence of …

This paper uses a model with a continuum of equilibrium steady state unemployment rates to explore the effectiveness of …. I use the model to explain the current financial crisis as a shift to a high unemployment equilibrium, induced by the …

rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …

percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0 … output multiplier whereas it can produce a realistic unemployment multiplier but only under a special parameterization …. Extending the model to strengthen the complementarity in preferences, to include unemployment benefits, real wage rigidity and …

Using two large US surveys, we estimate the effects of unemployment on the subjective well-being of the unemployed and … the rest of the population. For the unemployed, the non-pecuniary costs of unemployment are several times as large as … still employed, a one percentage point increase in local unemployment has an impact on well-being roughly equivalent to a …