Bonthuis, Boele; Jarvis, Valerie; Vanhala, Juuso - Suomen Pankki - 2015
onset of the crisis, but considerable heterogeneity at country level. We test for factors underlying these developments … using the local projections method of Jordà (2005). Skill mismatch, high shares of workers in the construction sector, as … well as high pre-crisis financial slack and home ownership rates appear strong determinants of outward shifts in Beveridge …