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The Italian Great Recession has a double-dip pattern. After the start of the global financial crisis, Italy experienced … a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at …
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result of responsible fiscal behavior. Nevertheless, failure to withdraw the region's anticrisis fiscal stimulus in a timely …
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There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of … both in the build up to, and during the Great Recession. The Irish case is particularly interesting because it has been one …
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This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild … recovery. Previous studies have examined the demographic aspect of the recession. We focus on specific industries. Consequently …, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry …
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In this study, we will perform a simulation exercise to investigate whether the use of explicit fiscal rules improves the macroeconomic performance in the economic framework of the European Union (EU), where the fall in income levels occurred very asymmetrically, and this has accentuated the...
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