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We focus on four previous systemic financial crises that the United States has experienced since 1870. These include the crisis of 1873 (called the Great Depression until the 1930s), the 1893 crisis, the panic of 1907, and the Great Depression. Given that all of the earlier crises predate the...
Persistent link: https://www.econbiz.de/10011110861
Since the 1970s, the overarching view in the literature has been that a Phillips curve relationship did not exist in Ireland prior to the 1979 exchange rate break with Sterling. It was argued that, as a small open economy, prices were determined externally. To test this relationship, we study...
Persistent link: https://www.econbiz.de/10011336498
sein als in den USA und Europa. Das gilt auch für die politischen Reaktionen: Während die EU-27 die Arbeitslosigkeit bisher … the USA and Europe. This also holds true for the political reactions: While the EU-27 could keep unemployment largely in …
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We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected European economies. Our measure of sectoral labor reallocation is adjusted for aggregate influences and the remaining variation is linked to unemployment in country specific...
Persistent link: https://www.econbiz.de/10010424822
while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …
Persistent link: https://www.econbiz.de/10011412475
metrics were able to predict the Great Recession and the economic slowdown in Europe just prior to the COVID pandemic. …
Persistent link: https://www.econbiz.de/10012610842
the state/NUTS-1 and district level in both the United States and Europe. We find that Indian workers react to asymmetric …
Persistent link: https://www.econbiz.de/10013262648