Franklin

Output and Unemployment Dynamics During the Great Recession [electronic resource] : A Panel Unobserved Components Analysis, Vitek, Francis.

Author/Creator:
Vitek, Francis.
Publication:
Washington, D.C. : International Monetary Fund, 2010.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 10/185.
IMF Working Papers; Working Paper No. 10/185
Format/Description:
Government document
Book
1 online resource (20 p.)
Local subjects:
Aggregate demand. (search)
Bilateral trade. (search)
Business cycles. (search)
Closed economies. (search)
Demand. (search)
Domestic demand. (search)
Dynamic effects. (search)
Economic cooperation. (search)
Economic growth. (search)
Economic models. (search)
Economic recession. (search)
Employment contracts. (search)
Exchange rate regime. (search)
Exchange rate risk. (search)
Export intensity. (search)
External shocks. (search)
Income distribution. (search)
International trade. (search)
Labor demand. (search)
Labor markets. (search)
Natural rate of unemployment. (search)
Nominal interest rate. (search)
Open economies. (search)
Open economy. (search)
Output growth. (search)
Political economy. (search)
Production. (search)
Rates of unemployment. (search)
Temporary employment. (search)
Total unemployment. (search)
Trade openness. (search)
Trading partners. (search)
Unemployment. (search)
Unemployment rate. (search)
World economy. (search)
World output. (search)
Germany. (search)
Saint Lucia. (search)
Spain. (search)
United States. (search)
Summary:
This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession. This analysis is based on a panel unobserved components model of the world economy, disaggregated into its fifteen largest national economies. We find that excess supply pressure was primarily transmitted from the output market to the labor market by economy specific combinations of negative domestic or foreign output demand shocks, mitigated to varying degrees by countercyclical labor market policies or institutions.
Notes:
Description based on print version record.
Contributor:
Vitek, Francis.
Other format:
Print Version:
ISBN:
1455202193:
9781455202195
ISSN:
1018-5941
Publisher Number:
10.5089/9781455202195.001
Access Restriction:
Restricted for use by site license.
Loading...
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy