Coverart for item
The Resource Is Unemployment on Steroids in Advanced Economies?, Gabriel Di Bella

Is Unemployment on Steroids in Advanced Economies?, Gabriel Di Bella

Label
Is Unemployment on Steroids in Advanced Economies?
Title
Is Unemployment on Steroids in Advanced Economies?
Statement of responsibility
Gabriel Di Bella
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this view and points out that, under certain conditions, demand disturbances can have permanent effects. In this paper, we find strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification scheme instigated by an insider/outsider model, we study the effects of demand shocks allowing for cross-country heterogeneous dynamics, and exploit such heterogeneity to investigate what institutional settings have the potential to soften or amplify the effects of demand shocks. Our results indicate that strengthening labor market institutions that promote a faster adjustment of real wages, removing disincentives for firms to hire and for workers to be employed, and improving the matching between labor supply and labor demand can lessen the effects of adverse demand shocks and lead to a faster reversion of unemployment rates to pre-shock levels
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Di Bella, C. Gabriel
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
D534 2018 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Grigoli, Francesco
  • Ramirez, Francisco
Series statement
IMF Working Paper
http://library.link/vocab/subjectName
  • Business Fluctuations
  • Employment
  • Price Level
  • Unemployment
  • All Countries
Label
Is Unemployment on Steroids in Advanced Economies?, Gabriel Di Bella
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2018169
Dimensions
unknown
Extent
1 online resource (33 pages)
Form of item
online
Isbn
9781484367490
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484367490.001
Specific material designation
remote
System control number
(IMF)WPIEA2018169
Label
Is Unemployment on Steroids in Advanced Economies?, Gabriel Di Bella
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2018169
Dimensions
unknown
Extent
1 online resource (33 pages)
Form of item
online
Isbn
9781484367490
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484367490.001
Specific material designation
remote
System control number
(IMF)WPIEA2018169

Library Locations

    • Pardee Legal Research CenterBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771471 -117.187496
Processing Feedback ...