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Mourougane, Annabelle - In: International economics : a journal published by CEPII … 149 (2017), pp. 1-14

Persistent link: https://www.econbiz.de/10011793768

Switching-track after the great recession

Vinci, Francesca; Licandro, Omar - 2021

We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...

Persistent link: https://www.econbiz.de/10012533939

Nicht zu früh bremsen! : der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA

Schettkat, Ronald; Sun, Rongrong - 2009

Nahezu alle Institutionen –Kündigungsschutz, Gewerkschaften, Lohnspreizung, Arbeitslosenversicherung etc.- wurde verdächtigt und schuldig gesprochen die tragische Entwicklung der Arbeitslosigkeit in Europa verursacht zu haben. US-amerikanische Arbeitsmarktinstitutionen wurden zum Benchmark...

Persistent link: https://www.econbiz.de/10003836155

Will Hysteresis Effects Afflict the US Economy During the Post-COVID Recovery?

Setterfield, Mark - 2023

An important property of hysteresis is that temporary events of sufficient magnitude can have permanent effects. The … permanent effects on the US economy as a result of hysteresis. We investigate this hypothesis by focusing on aggregate activity … -- both actual and potential -- and searching for signs of possible adverse hysteresis effects in the data generated by the …

Persistent link: https://www.econbiz.de/10014353791

Inflation and Activity - Two Explorations and Their Monetary Policy Implications

Blanchard, Olivier - 2016

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a …

Persistent link: https://www.econbiz.de/10013002151

Hysteresis and Business Cycles

Cerra, Valerie - 2020

levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and … renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …

Persistent link: https://www.econbiz.de/10012830838

Inflation and Activity : Two Explorations and Their Monetary Policy Implications

Blanchard, Olivier - 2018

below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than …

Persistent link: https://www.econbiz.de/10012936771

How large are hysteresis effects? : estimates from a Keynesian growth model

Fazzari, Steven M.; González, Alejandro - 2023

estimate the model using simulated method of moments and find statistically significant and quantitatively important hysteresis …

Persistent link: https://www.econbiz.de/10014327475

On GDP-employment decoupling in Germany

Klinger, Sabine; Weber, Enzo - 2014

This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for both persistent and cyclical time variation in the employment impact of GDP as...

Persistent link: https://www.econbiz.de/10010401756

GDP-employment decoupling and the slow-down of productivity growth in Germany

Klinger, Sabine; Weber, Enzo - 2019

This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for persistent and cyclical time variation in the employment-GDP linkage as well as...

Persistent link: https://www.econbiz.de/10012006538