Unemployment Surges in the EU : The Role of Risk Premium Shocks /

In the last decade, over half of the EU countries in the euro area or with currencies pegged to the euro were hit by large risk premium shocks. Previous papers have focused on the impact of these shocks on demand. This paper, by contrast, focuses on the impact on supply. We show that risk premium sh...

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Bibliografiske detaljer
Hovedforfatter: Bakker, Bas
Andre forfattere: Korczak, Marta, Krogulski, Krzysztof
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2019.
Serier:IMF Working Papers; Working Paper ; No. 2019/056
Online adgang:Full text available on IMF