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dc.contributor.author Galí, Jordi, 1961-
dc.contributor.author Smets, Frank
dc.contributor.author Wouters, Rafael
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:50:04Z
dc.date.available 2017-07-26T10:50:04Z
dc.date.issued 2012-05-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1317
dc.identifier.uri http://hdl.handle.net/10230/19883
dc.description.abstract An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and employment. This leads us to characterize the last three episodes as slow recoveries, as opposed to jobless recoveries. We use the estimated New Keynesian model in Galí-Smets- Wouters (2011) to provide a structural interpretation for the slower recoveries since the early nineties.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1317
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Slow recoveries: A structural interpretation
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:14:21Z
dc.subject.keyword jobless recoveries
dc.subject.keyword u.s. business cycle
dc.subject.keyword estimated dsge models
dc.subject.keyword okun's law.
dc.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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