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Author: Marco Bianchi
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
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Book Description
Author: Marco Bianchi
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
Get Book Here
Book Description
Author: Marco Bianchi
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 41
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Book Description
Author: Marco Bianchi
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 41
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Book Description
Author: Albert Jäger
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 48
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Book Description
Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author: Stephen R. G. Jones
Publisher: McGill-Queen's Press - MQUP
ISBN: 9780773513075
Category : Business & Economics
Languages : en
Pages : 186
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Book Description
In The Persistence of Unemployment Stephen Jones presents a comprehensive assessment of persistent unemployment, specifically hysteresis, in Canadian labour markets.
Author: Christopher Tsoukis
Publisher: Oxford University Press, USA
ISBN: 0198825374
Category : Business & Economics
Languages : en
Pages : 735
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Book Description
Theory of Macroeconomic Policy offers a panoramic view of macroeconomic theory as a foundation for understanding macroeconomic, fiscal and monetary, policy.
Author: Dmitry Plotnikov
Publisher: International Monetary Fund
ISBN: 1484372573
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession and over the entire postwar period.
Author: Thomas Janoski
Publisher: John Wiley & Sons
ISBN: 0745684130
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
There is a specter haunting advanced industrial countries: structural unemployment. Recent years have seen growing concern over declining jobs, and though corporate profits have picked up after the Great Recession of 2008, jobs have not. It is possible that “jobless recoveries” could become a permanent feature of Western economies. This illuminating book focuses on the employment futures of advanced industrial countries, providing readers with the sociological imagination to appreciate the bigger picture of where workers fit in the new international division of labor. The authors piece together a puzzle that reveals deep structural forces underlying unemployment: skills mismatches caused by a shift from manufacturing to service jobs; increased offshoring in search of lower wages; the rise of advanced communication and automated technologies; and the growing financialization of the global economy that aggravates all of these factors. Weaving together varied literatures and data, the authors also consider what actions and policy initiatives societies might take to alleviate these threats. Addressing a problem that should be front and center for political economists and policymakers, this book will be illuminating reading for students of the sociology of work, labor studies, inequality, and economic sociology.
Author: Marco Bianchi
Publisher:
ISBN:
Category :
Languages : en
Pages :
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