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Rebuilding Household Credit Histories : Slow Jobless Recovery from Mortgage Crises

Luo, Guannan - 2015

This paper demonstrates that credit reporting -- banks observing households' default histories -- can cause slow recoveries of housing prices and employment from mortgage crises. Comparing credit cycles with and without credit reporting and capturing the impact of mortgage default on employment...

Persistent link: https://www.econbiz.de/10013033400

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

significant part of the currently rising unemployment in Austria may be attributed to structural changes. Those structural changes …

Persistent link: https://www.econbiz.de/10011661345

Shifts in euro area Beveridge curves and their determinants

Bonthuis, Boele; Jarvis, Valerie; Vanhala, Juuso - In: IZA journal of labor policy 5 (2016) 20, pp. 1-17

This paper analyses euro area Beveridge curves at the euro area aggregate and country level over the past 25 years. Using an autoregressive distributed lag model, we find a significant outward shift and flattening of the euro area Beveridge curve since the onset of the crisis, but considerable...

Persistent link: https://www.econbiz.de/10011573235

Shifts in Euro Area Beveridge Curves and Their Determinants

Bonthuis, Boele - 2015

This paper analyses euro area Beveridge curves at the euro area aggregate and country level over the past 25 years. Using an autoregressive distributed lag model we find a significant outward shift in the euro area Beveridge curve since the onset of the crisis, but considerable heterogeneity...

Persistent link: https://www.econbiz.de/10013028846

Short-time work and unemployment in and after the Great Recession

Kopp, Daniel; Siegenthaler, Michael - 2017 - This version: June 2019

Can governmental policies mitigate the effects of recessions on unemployment? We study whether the Swiss short …-time work (STW) program reduced unemployment in the 2009-2015 period using quarterly establishment-level panel data linking … several administrative data sources. We compare changes in permanent layoffs into unemployment, hiring from unemployment …

Persistent link: https://www.econbiz.de/10012061314

The German Labor Market During the Great Recession : Shocks and Institutions

Gehrke, Britta - 2018

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...

Persistent link: https://www.econbiz.de/10012909849

Cyclical Labour Market Adjustment in New Zealand : The Response of Firms to the Global Financial Crisis and Its Implications for Workers

Fabling, Richard - 2012

This paper examines the dynamics of employment adjustment in New Zealand, focusing on the response of firms to the 2008/09 Global Financial Crisis. We use data from Statistics New Zealand's prototype Longitudinal Business Database (LBD) to examine firms' employment responses to output shocks...

Persistent link: https://www.econbiz.de/10013107881

Financial Crises and Labor Market Recoveries : A Bayesian Evaluation

Khan, Shahed - 2021

Average hours worked in the US recovers much faster than the unemployment rate following financial crises. Using an … shock leads to a fall in economic activity with a persistent increase in the unemployment rate but a transitory decrease in …

Persistent link: https://www.econbiz.de/10013242760

Equilibrium Unemployment During Financial Crises

Fernández, Andrés - 2013

unemployment and interest rates. To account for these stylized facts this paper builds a business cycle model where financial and … accounts for unemployment dynamics both during crises and at regular business cycle frequencies. The paper also assesses the …

Persistent link: https://www.econbiz.de/10013081000

Financial Crises, Investment Slumps, and Slow Recoveries

Cerra, Valerie; Hakamada, Mai; Lama C., Ruy - 2022

One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the...

Persistent link: https://www.econbiz.de/10013306789