reversal in employment and unemployment dynamics at a regional level during the crisis (2007-10) compared with the previous …This article empirically assesses the evolution of European regions in terms of both employment and unemployment during … the recent financial crisis and global recession. Our specific research questions are as follows: (i) has there been a …

How much did shocks to household credit supply reduce employment in the Great Recession? To answer this question, I … decline in credit supply to households reduced home purchase and mortgage refinance credit by 7 and 20 percent, and employment … by 3 percent. In partial equilibrium, the household credit channel implies employment losses equal to at least 20 percent …