Labor Force Participation and Monetary Policy in the Wake of the Great Recession /
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during 'normal ti...
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| Format: | Revija |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2013/245 |
| Online dostop: | Full text available on IMF |