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Great recession, slow recovery and muted fiscal policies in the US
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
Persistent link: https://www.econbiz.de/10011434680
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Structural unemployment after the crisis in Austria
Christl, Michael; Köppl-Turyna, Monika; Kucsera, Dénes - In: IZA journal of European Labor Studies 5 (2016) 12, pp. 1-18
This paper analyzes the Austrian Beveridge curve as well as the Beveridge curves for different economic sectors in Austria over the period from 2008 onwards. We find significant outward shifts of the Beveridge curves in eight of the 21 sectors of the economy. We further analyze what factors have...
Persistent link: https://www.econbiz.de/10011661345
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Structural and cyclical forces in the labor market during the great recession : cross-country evidence
Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2012
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …
Persistent link: https://www.econbiz.de/10009632676
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The labor market four years into the crisis : assessing structural explanations
Rothstein, Jesse - 2012
Persistent link: https://www.econbiz.de/10009528960
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The labor market four years into the crisis : assessing structural explanations
Rothstein, Jesse - In: ILR review : the journal of work and policy 65 (2012) 3, pp. 467-500
Persistent link: https://www.econbiz.de/10009657487
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Sectoral change and unemployment during the Great Recession, in historical perspective
Simon, Curtis J. - In: Journal of regional science 54 (2014) 5, pp. 828-855
Persistent link: https://www.econbiz.de/10010496525
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Cyclical or structural? : evidence on the sources of U.S. unemployment
Chen, Jinzhu; Kannan, Prakash; Loungani, Prakash; … - In: Globalization : strategies and effects, (pp. 245-264). 2017
Persistent link: https://www.econbiz.de/10011634174
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Has the Great Recession Raised U.S. Structural Unemployment?
Estevão, Marcello M. - 2011
The recent crisis has had differential effects across U.S. states and industries causing a wide geographic dispersion in skill mismatches and housing market performance. We document these facts and, using data from the 50 states plus D.C from 1991 to 2008, we present econometric evidence that...
Persistent link: https://www.econbiz.de/10014399412
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Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries
Guichard, Stéphanie - 2010
The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural unemployment through hysteresis effects that occur...
Persistent link: https://www.econbiz.de/10012447113
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Inflation in the great recession and new keynesian models
Del Negro, Marco; Giannoni, Marc Paolo; Schorfheide, Frank - 2013
It has been argued that existing DSGE models cannot properly account for the evolution of key macroeconomic variables during and following the recent Great Recession, and that models in which inflation depends on economic slack cannot explain the recent muted behavior of inflation, given the...
Persistent link: https://www.econbiz.de/10009744674