New Evidenceon Cyclical and Structural Sources of Unemployment /

We provide cross-country evidence on the relative importance of cyclical and structural factors in explaining unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the forecast error variance of unemployment is accounted for by cycl...

Descrizione completa

Dettagli Bibliografici
Autore principale: Chen, Jinzhu
Altri autori: Kannan, Prakash, Loungani, Prakash, Trehan, Bharat
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2011.
Serie:IMF Working Papers; Working Paper ; No. 2011/106
Accesso online:Full text available on IMF