Is Unemployment on Steroids in Advanced Economies? /
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,...
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| Інші автори: | , |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2018/169 |
| Онлайн доступ: | Full text available on IMF |