Slow recoveries: A structural interpretation
Mostra el registre complet Registre parcial de l'ítem
- dc.contributor.author Galí, Jordi, 1961-ca
- dc.contributor.author Smets, Frankca
- dc.contributor.author Wouters, Rafaelca
- 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.date.modified 2017-07-23T02:14:21Z
- 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/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1317
- dc.identifier.uri http://hdl.handle.net/10230/19883
- 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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- 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.title Slow recoveries: A structural interpretationca
- dc.type info:eu-repo/semantics/workingPaper