Monetary Politics and Unemployment Persistence PDF Download
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Author: Gunnar Jonsson
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Gunnar Jonsson
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Enrique Alberola Ila
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Author: Paromita Guha
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Gunnar JONSSON
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Olivier Jeanne
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 56
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Book Description
Author: Enrique Alberola Ila
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 44
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Book Description
Finds that there is a strong correlation between persistent unemployment and central bank independence.
Author: Bertil Holmlund
Publisher:
ISBN:
Category : Hard-core unemployed
Languages : en
Pages : 48
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Book Description
Author: Dennis J. Snower
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 24
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Book Description
Author: Mr.Lorenzo E. Bernal-Verdugo
Publisher: International Monetary Fund
ISBN: 146393842X
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term.
Author: Christopher J. Erceg
Publisher: International Monetary Fund
ISBN: 1484302605
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal times” (that is, in response to small or transitory shocks) but drops markedly in the wake of a large and persistent aggregate demand shock. Finally, we show that these considerations can have potentially crucial implications for the design of monetary policy, especially under circumstances in which adjustments to the short-term interest rate are constrained by the zero lower bound.
