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Miao, Jianjun; WANG, PENGFEI; Xu, Lifang - Department of Economics, Boston University - 2012

This paper introduces endogenous credit constraints in a search model of unemployment. These constraints generate …. Unemployed workers are hard to find jobs generating high and persistent unemployment. …

Persistent link: https://www.econbiz.de/10010540432

Credit constraints and persistence of unemployment.

Dromel, Nicolas L.; Kolakez, Elie; Lehmann, Etienne - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … the persistence of unemployment. …

Persistent link: https://www.econbiz.de/10004991601

Credit Constraints and the Persistence of Unemployment

Dromel, Nicolas; Kolakez, Elie; Lehmann, Etienne - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10008555357

This Time is Different, Again? The United States Five Years after the Onset of Subprime

Reinhart, Carmen; Kenneth, Rogoff - Volkswirtschaftliche Fakultät, … - 2012

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

New Fiscal Crisis Looming for the U.S

Wind, Serge L. - 2010

An assessment is presented of whether Greece's current plight is a harbinger of similar adverse conditions likely to directly impact the United States in the intermediate- to long-term future.Long-term deficits projected for 2020 and beyond, under the assumption that the economy is in full...

Persistent link: https://www.econbiz.de/10013142255

What drives financial crises in emerging markets?

Komulainen, Tuomas; Lukkarila, Johanna - 2003

probit model using 23 macroeconomic and financial sector variables.Traditional variables such as unemployment and inflation …

Persistent link: https://www.econbiz.de/10012148450

Essays on financial crises in emerging markets

Komulainen, Tuomas - Suomen Pankki - 2004

estimated using 23 macroeconomic and financial sector indicators. The essay finds that traditional variables (eg unemployment …

Persistent link: https://www.econbiz.de/10008692076

What drives financial crises in emerging markets?

Komulainen, Tuomas; Lukkarila, Johanna - EconWPA - 2003

probit model using 23 macroeconomic and financial sector variables. Traditional variables such as unemployment and inflation …

Persistent link: https://www.econbiz.de/10005126411

What drives financial crises in emerging markets?

Komulainen, Tuomas; Lukkarila, Johanna - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2003

probit model using 23 macroeconomic and financial sector variables. Traditional variables such as unemployment and inflation …

Persistent link: https://www.econbiz.de/10005419620

Banking and currency crises: differential diagnostics for developed countries

Joy, Mark; Rusnák, Marek; Šmídková, Kateřina; … - 2015

We identify a set of “rules of thumb” that characterise economic, financial and structural conditions preceding the onset of banking and currency crises in 36 advanced economies over 1970–2010. We use the Classification and Regression Tree methodology (CART) and its Random Forest (RF)...

Persistent link: https://www.econbiz.de/10011605855