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Submitter, CentER - 2015

with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the … two recessions indicating that some labor markets are more vulnerable to fluctuations in economic growth than others …. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates …

Persistent link: https://www.econbiz.de/10013029525

Employment to Output Elasticities & Reforms Towards Flexicurity : Evidence from OECD Countries

Görg, Holger - 2018

How do labour market policies influence employment's responsiveness to output fluctuations (employment-output elasticity)? We revisit this question on a panel of OECD countries, which also incorporates the period of the Great Recession. We distinguish between passive and active labour market...

Persistent link: https://www.econbiz.de/10012906470

The Recovery from the Great Recession : A Long, Evolving Expansion

Shambaugh, Jay; 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/10013251540

The recovery from the Great Recession: a long, evolving expansion

Shambaugh, Jay C.; Strain, Michael R. - 2021

Persistent link: https://www.econbiz.de/10012405441

Switching-track after the great recession

Vinci, Francesca; Licandro, Omar - 2021

Recession, as well as the V-shaped recoveries that followed the oil shock recessions. …

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

Beyond Okun's law : output growth and labor market flows

Lim, Guay C.; Dixon, Robert J.; Ours, Jan C. van - 2018

This paper studies the relationship between the change in the unemployment rate and output growth using an approach … recessions. The framework also highlights the potential misspecification in conventional models of Okun's Law unless stringent …

Persistent link: https://www.econbiz.de/10011940045

Recovery beating expectations : economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2021

Astrov, Vasily; Bykova, Alexandra; Grieveson, Richard; … - Wiener Institut für Internationale Wirtschaftsvergleiche - 2021

The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...