This paper uses a sample of 116 recession episodes in developed and emerging market economies to compare the labor …-market recovery during financial crises with that of other recession episodes. It documents two new stylized facts. First, labor …

the Great Recession. We estimate the model over the period prior to the financial crisis and use the model to interpret …

recession? Moreover does it matter if the recession is associated with a housing bust? We look at the American historical … the recession of the early 1990s and the present recovery. The present recovery is strikingly more tepid than the 1990s …

This paper examines the macroeconomic dynamics of the 2007-09 recession in the United States and the subsequent slow … produced the recession primarily were associated with financial disruptions and heightened uncertainty, although oil shocks … from the zero lower bound. Third, while the slow nature of the recovery is partly due to the shocks of this recession, most …

Great Recession. Leisure & Hospitality accounts for nearly a quarter of the large drop in recruiting intensity during the … Great Recession. We show that industry-level movements in job-filling rates and recruiting intensity are at odds with the …

consumption during the Great Recession can be explained by the observed drops in wealth and income expectations …

During the recession of 2008-9, labor hours fell sharply, while wages and output per hour rose. Some, but not all, of … expenditure, are consistent with the hypothesis that labor market "distortions" were increasing during the recession and have …

occurrence of distress. Finally, we conduct an out of sample test during the recent 2008-2009 Recession and find that higher …