integrated global financial markets. Third, how costly are recessions that followed these types of crises? Although the latest … comparisons indicate that recessions associated with periods of deep financial disruptions result in much larger declines in real …

The relationship between recessions and productivity has been the focus of an important body of theoretical and … productivity in the aftermath of recessions. Our method allows us to distinguish between frontier technology and (in …-)efficiency effects of recessions. We present international evidence for a panel of 70 countries for the 1960-2000 period. Our results …

How do severe recessions, such as those brought about by the Global Financial Crisis or the COVID-19 pandemic, affect … the composition of energy generation between green and dirty sources? Does creative destruction during recessions result … in a sustained greening of the energy mix? The empirical analysis presented in this paper highlights that recessions and …

Workers who enter the labor market during recessions experience lasting earnings losses, but the role of non … labor market entry during recessions generates a 5 percent reduction in earnings cumulated over the first decade of …-pay amenities. Purely pecuniary estimates can therefore overstate the welfare costs of labor market entry during recessions. …

Although recessions negatively affect labor market outcomes, we find that individuals with greater cognitive skills … have been less affected by recessions since 2000 compared to those in the 1980s and 1990s. This result occurs despite a … employer-paid training can help explain the relative return to cognitive skills during recent recessions due to lower training …

Europe. Consistent with the view that firms use recessions as times to update skills, we find that training participation is … to be involved in public training programs during recessions, but not for the inactive, who may be affected by liquidity …