Crises, Labor Market Policy, and Unemployment /

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of finan...

Full description

Bibliographic Details
Main Author: Furceri, Davide
Other Authors: Bernal-Verdugo, Lorenzo E., Guillaume, Dominique
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/065
Online Access:Full text available on IMF